Help Save Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and cash payments for merchandise for the Sales $31,600 $40,400 $24,400 21,000 16,400 16,800 Sales are 65% cash and 35% on credit. All credit sales are collected in the month following the sale. The March 31 balance sheet includes balances of $12,400 in cash, $12,400 in accounts recelvable, $11,000 in accounts payable, and a $2,400 balance in loans payable. A minimum cash balance of $12,400 is required. Loans are obtained at the end of any month when a cash shortage occurs Interest is t% per month based on the beginning of the month loan balance and is paid at each month-end, if an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and include sales commissions (10% of sales), shipping (2% of sales), office salaries ($3,400 per month), and rent($5,400 per month). Prepare a cash budget for each of the months of April, May, and June. (Negative balances and Loan repayment amounts (If any) should be indicated with minus sign. Round your final answers to the nearest whole dollar) Cash Budget May