Gift4U provided the following sales information for the month of August:

	July Actual	August Budget
Cash sales	$ 23,400.00	$ 21,600.00
Credit sales	132,600.00	158,400.00
Total sales	$156,000.00	$180,000.00

For credit sales, the collection pattern is as follows:

Month of sales	60%
Month following sales	35%

Based on past experience, the company estimates the remaining credit sales are uncollectible.

Inventory purchases average 55% of current month's total sales.

Payments for inventory are made as follows:

Month of purchase	30%
Month following purchase	70%

Other expenses are as follows:

Salaries and wages per month	$ 11,484.00
Rent per month	$ 3,960.00
Utilities per month	$ 5,720.00
Insurance per quarter to be paid in August	$ 990.00
Depreciation expenses per month	$ 1,650.00

August 1 cash balance is $6,912.00.

Required:

Prepare a cash budget for the month of August and use it to answer the following questions.

Cash sales and collections on account for the month are $_____________.

Payments for inventory for the month are $________________.

Payments for all other expenses for the month are $______________.

The ending cash balance at the end of the month is $____________.