Built-Tight is preparing its master budget for the quarter ended September 30, 2017. Budgeted sales and cash payments for product costs for the quarter follow:

Required information The following information applies to the questions displayed below.] Built-Tight is preparing its master budget for the quarter ended September 30, 2017. Budgeted sales and cash payments for product costs for the quarter follow: July August September Budgeted sales Budgeted cash payments for 61,000 $77, 000 51, 000 Direct materials Direct labor Factory overhead 16, 760 4, 640 20, 800 14, 040 3,960 17, 400 14, 360 4, 040 17, 800 sales are 30% cash and 70% on credit. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $15,000 in cash; $45,600 in accounts receivable; $5,100 in accounts payable; and a $5,600 balance in loans payable. A minimum cash balance of $15,000 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($4,600 per month), and rent ($7,100 per month). (2) Prepare a cash budget for each of the months of July, August, and September. (Negative balances and Loarn repayment amounts (if any) should be indicated with minus sign. Enter your final answers in whole dollars.)