Donald Company has the following information: Cash balance, may 31.......$45,000 Dividend paid in June.........$12,000 Cash Paid for Operation Expenses...........................$36,000 Equipment Depreciation expenses in June .....................$4500 Patent Amortization expense for June ............$2000 Cash collections on sales in June.......$99,000 Merchandise Purchases....$56,000 Purchase equipment for cash...........$17,500 Donald Company wants to keep a minimum cash balance of $10,000.00. Assume that borrowing occurs at the beginning of the month and repayments occur at the end of the month. Interest of 1% is paid in cash at the end of each month when debt is outstanding. Borrowing and repayments are carried out in the multiples of $1,000.00 Required: Prepare a cash budget for June.