Cash Budget The owner of a building supply company has requested a casti budget for lune. Alter examining the records of the company, you find the following: a Cash balance on June 151,436 b. Actual sales for April and May are as follows: April May Cash sales $10,000 $18.000 Credit Sales 28.900 35,000 Total sales $36.900 $53,000 Credit sales are collected over a month period 40 in the month of sale, 30 in the second month, and 209. In the third month The sales collected in the third month are set to a atte, which is paid by those customers in addition to what they owe. The remaining sales are uncollectible dventory purchases average 80% of a mooth's total sales of those purchases, 20% paid for in the month of purchase the remaining 80% red for in the following month Salaries and wages total 511,750 per month, including a $4,500 salary paid to the owner Hent is $4.900 per month Q.Toves to be bold in Jurve are 56,700 The owner also tells you that be expeds cash sales of $18,000 and credit sales of $34,000 for Junie. No minimum cash bolance is required. The owner of the company doesn't have accesittu short term loans Required: 1. Prepare a cash budget for une include supporting schedules for cash collections and cash payments Round calculation and final powers to the nearest dollar. De to enter percentage whole numbers Cash Budget Fortune Thelming calitate Collections Castle 1. Prepare the tor lune Industrielles for that contains to the rest de trente Cash Budget Torun Bengah halte Current moet May Credit I in the And the West