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Here are some important figures from the budget of Blocher, Inc., for the second quarter of 2013: April May June Credit sales $ 410,000 $

Here are some important figures from the budget of Blocher, Inc., for the second quarter of 2013:
April May June
Credit sales $ 410,000 $ 359,000 $ 447,000
Credit purchases 187,000 175,000 208,000
Cash disbursements
Wages, taxes, and expenses 80,500 76,000 104,700
Interest 10,200 10,200 10,200
Equipment purchases 37,000 9,500 155,000

The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2013, credit sales were $337,000.

Required:
Using this information, complete the following cash budget:
April May June
Beginning cash balance $ 117,000 $ $
Cash receipts
Cash collections from credit sales
Total cash available $ $ $
Cash disbursements
Purchases $ 179,000 $ $
Wages, taxes, and expenses
Interest
Equipment purchases
Total cash disbursements $ $ $
Ending cash balance $ $ $

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