Cash budget-Basic Grenoble Enterprises had sales of $49,800 in March and $59,700 in Apit. Forecast sales for May June, and July are 370,300,579,800, and $100.100, respectively The fin and tity (1) The firm makes 18% of sales for cash. 623 are collocted in the next moeth, and the temaining 20% are collected in the second month following sale (2) The from recetves other income of $2.500 per mocth (a) Rent is s? 7 - 5 per posth (5) Wages and salaries ate 10F of the previous nenthis sales (6) Cout dividends of 53,300 wat bo paid in June (7) Poyment of principal and intereu of $4,100 is due in June (6) A cach purchase of equipment costing $5,700 is scheduled in Juby (9) Taues or 55500 are due in June