Hardin Fabrications is preparing its cash budget for the third quarter.

Cash balance on July $1$ $$116,500$

Sales collected in cash $40\%$

Sales collected on credit $60\%$

A$/$R balance on July $1$ $ $89,000$

$\%$ of credit sales collected in the month of sale $20\%$

$\%$ of credit sales collected in the following month $80\%$

All expenses are paid for as they occur, with the exception of Direct Materials, which is all paid for with a revolving line of credit.

Accounts Payable balance on July $1$ $$95,000$

$\%$ of Accounts Payable paid in the month of purchase $30\%$

$\%$ of Accounts Payable paid in the following month $70\%$

Amount of monthly overhead that is depreciation and amortization $$15,000$