Built$-$Tight is preparing its master budget. Budgeted sales and cash payments follow:

Sales to customers are $20\%$ cash and $80\%$ on credit. Sales in June were $$56,250.$ All credit sales are collected in the month following the sale. The June $30$ balance sheet includes balances of $$15,000$ in cash and $$5,000$ in loans payable. A minimum cash balance of $$15,000$ is required. Loans are obtained at the end of any month when the preliminary cash balance is below $$15,000.$ Interest is $1\%$ per month based on the beginning$-$of$-$the$-$month loan balance and is paid at each month$-$end. Any preliminary cash balance above $$15,000$ is used to repay loans at month$-$end. Expenses are paid in the month incurred and consist of sales commissions $(10\%$ of sales$),$ office salaries $($ $$4,000$ per month$),$ and rent $($$$6,500$ per month$).$

$2.$ Prepare a cash budget for the months of July, August, and September.

Note: Enter your flnal onswers In whole dollors.

$\backslash$table$[[,$BUILT$-$TIGHT,,$],[,$Cash Budget,,$],[,$July,August,September$],[$Beginning cash balance,,,$],[$Add: Cash receipts,$57,800,67\mathrm{.}200,73,600],[$Total cash available,$(57,800),(67\mathrm{.}200),(73,600)$