Cash budget$-$Basic Grenoble Enterprises had sales of $$50,400$ in March and $$59,600$ in April. Forecast sales for May, June, and July are $$70,500,$ $$80,200,$ and $$99,500,$ respectively. The firm has a cash balance of $$5,200$ on May $1$ and wishes to maintain a minimum cash balance of $$5,200.$ Given the following data, prepare and interpret a cash budget for the months of May, June, and July.

$(1)$ The firm makes $19\%$ of sales for cash, $64\%$ are collected in the next month, and the remaining $17\%$ are collected in the second month following sale.

$(2)$ The firm receives other income of $$2,500$ per month.

$(3)$ The firm's actual or expected purchases, all made for cash, are $$50,500,$$$69,800,$ and $$80,500$ for the months of May through July, respectively.

$(4)$ Rent is $$2,600$ per month.

$(5)$ Wages and salaries are $12\%$ of the previous month's sales.

$(6)$ Cash dividends of $$3,200$ will be paid in June.

$(7)$ Payment of principal and interest of $$3,800$ is due in June.

$(8)$ A cash purchase of equipment costing $$5,600$ is scheduled in July.

$(9)$ Taxes of $$5,600$ are due in June.

Complete the first month of the cash budget for Grenoble Enterprises below: $($Round to the nearest dollar. Please input all the values in the table before checking your answers.$)$

$\backslash$table$[[,,$arch,April,May$],[$Sales$,$$$,50,400$$$,59,600$$$,70,500],[$Cash

Cash budget$-$Basic Grenoble Enterprises had sales of $$50,400$ in March and $$59,600$ in April. Forecast sales for May, June, and July are $$70,500,$$$80,200,$ and $$99,500,$ respectively. The firm has a cash balance of $$5,200$ on May $1$ and wishes to maintain a minimum cash balance of $$5,200.$ Given the following data, prepare and interpret a cash budget for the months of May, June, and July.

$(1)$ The firm makes $19\%$ of sales for cash, $64\%$ are collected in the next month, and the remaining $17\%$ are collected in the second month following sale.

$(2)$ The firm receives other income of $$2,500$ per month.

$(3)$ The firm's actual or expected purchases, all made for cash, are $$50,500,$$$69,800,$ and $$80,500$ for the months of May through July, respectively.

$(4)$ Rent is $$2,600$ per month.

$(5)$ Wages and salaries are $12\%$ of the previous month's sales.

$(6)$ Cash dividends of $$3,200$ will be paid in June.

$(7)$ Payment of principal and interest of $$3,800$ is due in June.

$(8)$ A cash purchase of equipment costing $$5,600$ is scheduled in July.

$(9)$ Taxes of $$5,600$ are due in June.

Complete the first month of the cash budget for Grenoble Enterprises below: $($Round to the nearest dollar. Please input all the values in the table before checking your answers.$)$

Total cash receiptssales,,$9,576,11,324$$$,]]$