Fill in the blanks in the excel.

Cash budget-Basic Grenoble Enterprises had sales of $50,300 in March and S60,200 in April. Forecast sales for May, June, and July are S70,500, $79,700, and $100,000 respectively. The firm has a cash balance of $4,600 on May 1 and wishes to maintain a minimum cash balance of $4600Given the following data, prepare and interpret a cash budget for the months of May, June, and July (1) The firm makes 15% of sales for cash, 59% are collected in the next month, and the remaining 26% are collected in the second month following sale (2) The firm receives other income of S2,400 per month (3) The firm's actual or expected purchases, all made for cash, are $49,700, $69,900, and S79,700 for the months of May through July, respectively (4) Rent is $3,500 per month (5) Wages and salaries are 9% of the previous month's sales (6) Cash dividends of $3,300 will be paid in June (7) Payment of principal and interest of $4,100 is due in June (8) A cash purchase of equipment costing S6,500 is scheduled in July (9) Taxes of $5,600 are due in June Complete the first month of the cash budget for Grenoble Enterprises below: (Round to the nearest dollar. Please input all the values in the table before checking your answers.) March April S 50,300 S 60,200 S 70,500 May Sales Cash sales Lag 1 month Lag 2 months Other income 7,545 9,030 S10575 Total cash receipts