Cash budget-Basie Grenable Enterprises had salos of $49,600 in March and $59,900 in Aperl. Forecast sales for May, Jure, and Juty are $69,900,$79,900, and $100,100, respectively The fo tas a cash balance of $4,900 on May 1 and Wishes to maintain a minimum cash balance of \$4,900. Given the followigg data. prepare and interpret a cash budget for the months of May, June, and July. (1) The Erm makes 18\% of sales for cast, 62% are collected in the next month, and the rentaining 20% are collected in the second month following sale. (2) The firm receives other incorve of \$1,700 per month. (3) The frin's actual cr expected purchases, all made for cash, are $50,200,$69,800, and $80,300 for the monthis of May trocugh July, respectively. (4) Rent is 32.800 per month. (5) Wages and salaries are 8% of the previous monti's sales. (6) Cash dividends of $3,200 will be pald in Jurie. (7) Payment of principal and interest of $3,700 is due in June. (b) A cach purchase of equipment cocting $6,100 is scheouled in July (9) Taxes of $6.200 are due in June. Complete the trut month of the ensh budgat for Grenoble Enterprises below: (Round to the nearest dotar. Please input at the values in the table belore checking your answend)