Golden State Company has applied at a local bank for a short-term loan of $150,000 starting on October 1, 2019. The bank's loan officer has requested a cash budget from the company for the quarter ending December 31, 2019. The following information is needed to prepare the cash budget:

Sales $600,000 Purchases 350,000 Salaries and wages to be paid 125,000 Rent payments 7.000 Supplies (payments for) 4,500 Insurance payments 1,500 Other cash payments 22,000 C