Here are some important figures from the budget of Cornell, Inc., for the second quarter of 2017:

	April			May			June
Credit sales	$	329,000		$	309,000		$	369,000
Credit purchases		137,000			160,000			185,000
Cash disbursements
Wages, taxes, and expenses		44,900			12,400			63,900
Interest		11,900			11,900			11,900
Equipment purchases		89,000			168,000			0

The company predicts that 5 percent of its credit sales will never be collected, 25 percent of its sales will be collected in the month of the sale, and the remaining 70 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2017, credit sales were $199,000, and credit purchases were $139,000. Using this information, complete the following cash budget. (Do not round intermediate calculations.)

	April			May			June
Beginning cash balance	$	132,000		$			$
Cash receipts
Cash collections from credit sales
Total cash available	$			$			$
Cash disbursements
Purchases	$			$			$
Wages, taxes, and expenses
Interest
Equipment purchases
Total cash disbursements	$			$			$
Ending cash balance	$			$			$