Chek my work Mini-Exercise 14-7 (Static) Cash budget LO 7 ABC Company has a cash balance of $25,000 on August 1 and requires a minimum ending cash balance of $37,400. Cash receipts from sales budgeted for August are $291600 Cash disbursements budgeted for August include inventory purchases, $40,000 other manufacturing expenses. $98,000, operating expenses, $76,200, bond retirements, $50.000; and dividend payments, $15,000 Required: Prepare a cash budget for ABC Company for August August 25,000 Beginning cash balance Cash Receipts $ 291,600 316,600 $ Total cash available Cash Disbursements For payment of inventory purchases For payment of other manufacturing expenses For payment of operating expenses For payment to retire bond 40.000 98.000 76.200 50.000