Complete the cash budget as the question shows

Calculating the Cash Budget (L04) Here are some important figures from the budget 11. of Nechako Nougats Inc. for the second quarter of 2017: Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases April $374,400 148,qoo 54,340 12,580 88,800 May $348500 168300 70,300 12,580 135,000 June $420,500 200,300 75,170 12,580 The company predicts that 5% of its credit sales will never be collected, 35% of its sales will be collected in the month of the sale, and the remaining 60% will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2017, credit sales were $235,000, and credit purchases were $161,300. Using this information, complete the following cash budget: Jliue Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements g cash balance April $135,000 May