Cash Budget The owner of a building supply company has requested a cash budget for June. After examining the reconds of the company, you find the following a Cash balance on June 1 $736 b. Actual sales for April and May are as follows: April May Cash sales Credit sales Total sales $10,000 28,900 $38,900 $18,000 35,000 $53,000 c. Crede sales are collected over a 3-month period: 40% in the month of sain, 30% in the second menth, and 20% in the third month. The sales collected in the third month are subject to a 2% late fee, which is paid by those customers in addition to what they owe. The remaining sales are uncollectible d. Inventory purchases average 70% of a month's total sales of those purchases, 20% are paid for in the month of purchase. The remaining 20% are paid for in the following month e Salaries and wages total $11,750 per mon, including a $4,500 salary paid to the owner fee is $4,700 per month. gs to be pet in June are $5,700 The owner who tell you that be expects cash sales of $18,000 and red sales of $54,000 for June. No minum cash balance required. The owner of the company don't have access to short-te Required 3. Prepare a cat budget for une clude sporting schedules for cash collections and cash payments, Round calculations and final answers to the nearest dular, be sure to enter percentages as wholes Cash Budget For June Owk My Work 736