CBC company has provided the following estimates for the month of July 2021:

The cash balance first January 2021	$8,600
Credit sales	68,400
Receipts from debtors	62,000
Wages incurred (90% paid)	42,000
Office furniture purchased in cash	9,500
Purchase of office computer on credit	2,000
Utilities expenses paid	3,800
Accounts payable	500
Administrative expenses paid	29,000
Depreciation on office furniture	8,200
Received of loan	15,000
Credit purchase	59,200
Payments to creditors	48,600
Cash sales	42,000

Required: Prepare a cash budget for the month of Jul