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

	July	August	September
Budgeted sales	$ 59,000	$ 75,000	$ 53,000
Budgeted cash payments for
Direct materials	17,160	14,440	14,760
Direct labor	5,040	4,360	4,440
Overhead	21,200	17,800	18,200

Sales to customers are 30% cash and 70% on credit. Sales in June were $64,000. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $35,000 in cash and $6,000 in loans payable. A minimum cash balance of $35,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $35,000. 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 $35,000 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 ($5,000 per month), and rent ($7,500 per month).

2. Prepare a cash budget for the months of July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter your final answers in whole dollars.)