CORTEZ BEACH YACHT CLUB Statement of Income (Cash Basis) For the Year Ended October 31 Year 9 $ 750,000 473,200 4,400 $ 1,227,600 Year 8 $ 604,000 364,000 3,400 $ 971,400 Cash revenues Annual membership fees Lesson and class fees Miscellaneous Total cash received Cash costs Manager's salary and benefits Regular employees' wages and benefits Lesson and class employees' wages and benefits Supplies Utilities (heat and light) Mortgage interest Miscellaneous Total cash costs Cash income $ 76,000 384,000 394,000 $ 76,000 384,000 32,800 44,800 52,600 4,400 $ 988,600 $ 239,000 304,000 31,800 30,800 51,600 3,400 $ 881,600 $ 89,800 a. Construct a cash budget for year 10 for Cortez Beach Yacht Club. Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar amounts. Cash revenue CORTEZ BEACH YACHT CLUB Budgeted Statement of Income (Cash Basis) Total cash received Cash costs For Year 10 $ Total cash expenses $ Cash income $ 0 Additional Cash Flows Cash payments: Total cash payments Cash available for working canital and to acquire ornerty $ 19