Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019. Credit sales April $403,000 May $352,000 June $440,000 Credit purchases 180,000 168,000 201,000 Cash disbursements Wages, taxes, and 79,800 75,300 104,000 expenses Interest Equipment purchases 9,500 9,500 9,500 33,500 6,000 148,000 The company predicts that 5 percent of its credit sales will never be collected, 30 percent of its sales will be collected in the month of the sale, and the remaining 65 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2019, credit sales were $330,000. Using this information, complete the following cash budget. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) credit sales were $330,000. Using this information, complete the following cash budget. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Beginning cash balance 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 April May June $ 110,000 $ 172,000