following data, prepare and interpret a cash budget for the months of May, June, and July.

$(1)$ The firm makes $19\%$ of sales for cash, $58\%$ are collected in the next month, and the remaining $23\%$ are collected in the second month following sale.

$(2)$ The firm receives other income of $$2,500$ per month.

$(3)$ The firm's actual or expected purchases, all made for cash, are $$50,300,$$$70,000,$ and $$80,500$ for the months of May through July, respectively.

$(4)$ Rent is $$3,300$ per month.

$(5)$ Wages and salaries are $11\%$ of the previous month's sales.

$(6)$ Cash dividends of $$2,900$ will be paid in June

$(7)$ Payment of principal and interest of $$4,200$ is due in June.

$(8)$ A cash purchase of equipment costing $$5,900$ is scheduled in July.

$(9)$ Taxes of $$5,900$ 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.$)$

$($Round to the nearest dollar. Please input all the values in the table before checking your answers.$)$

$($Round to the nearest dollar. Please input all the values in the table before checking your answers.$)$

$($Round to the nearest dollar. Please input all the values in the table before checking your answers.$)$

The firm should establish a credit line of at least $$34,{735}^{\text{'}},$ but may need to secure three to four times this amount based on scenario analysis. $($Rour

Wages and salaries

Dividends

Principal and interest

Purchase of new equipment

Taxes due

Total cash disbursements

$($Round to the nearest dollar. Please input all the values in the table before checking your answers.$)$