Cash budget-Basic Grenoble Enterprises had sales of $50,100 in March and $59,500 in April. Forecast sales for May, June, and July are $70,300, $80,300, and $99,700, respectively. The firm has a cash balance of $5,100 on May 1 and wishes to maintain a minimum cash balance of $5,100. Given the following data, prepare and interpret a cash budget for the months of May, June, and July (1) The firm makes 24% of sales for cash, 59% 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 $2,100 per month. (3) The firm's actual or expected purchases, all made for cash, are $50,100, $69,800, and $80,300 for the months of May through July, respectively. (4) Rent is $3,200 per month (5) Wages and salaries are 9% of the previous month's sales, (6) Cash dividends of $3,400 will be paid in June. (7) Payment of principal and interest of $4,100 is due in June, (8) A cash purchase of equipment costing $5,600 is scheduled in July (9) Taxes of $6,300 are due in June. Totar cash disbursements 30,000 (Round to the nearest dollar. Please input all the values in the table before checking your answers.) March April May I Net cash flow $ $ Add: Beginning cash Ending cash $ $ Minimum cash $ Required total financing (notes payable) $ Excess cash balance (marketable securities)