Following Data related to cash of SAODO company Beginning Cash Balance of July $10,000 Minimum cash Required at ending of each month is $10,000 , it has an ability to borrow from a bank to reach for minimum required cash at monthly interest rate 1% and repay the loan in month has sufficient cash fund Estimated sales: for July is $180,000 and for August is $220,000 Estimated FG Purchases: for July is $140,000 and for August is $180,000 operating Expenses include $5000 monthly depreciation: for July is $50,000 and for August is $40,000 the policy of Company is collect cash from customer as following :90% in same month, 10% in following month and pay to supplier for FG purchases as following: 50% in same month and 50% in following month paid operating expense in same month occurred except depreciation there is no A/R or A/P at beginning of July Prepare cash budget for July and August