eu homework 1 Saved Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the budget. a. Beginning cash balance, September 1, $48,000. b. Budgeted cash receipts from September sales, $258,000. c. Direct materials are purchased on credit. Purchase amounts are August (actual), $78,000; and September (budgeted), $104,000 Payments for direct materials follow: 70% in the month of purchase and 30% in the first month after purchase. d. Budgeted cash payments for direct labor in September, $38,000. e. Budgeted depreciation expense for September, $3,800. f. Budgeted cash payment for dividends in September, $59,000. g. Budgeted cash payment for income taxes in September, $10,300. h. Budgeted cash payment for loan interest in September, $1,900. PTO COMPANY Cash Budget September Beginning cash balance Total cash available 0 Total cash payments 0 Ending cash balance $ 0