Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019: April $399,000 176,000 May $348,000 164,000 June $436,000 197,000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 79,400 74,900 103,600 9,100 31,500 9,100 4,000 9,100 144,000 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 $326,000, Ilcinn this information April May June $ 106,000 Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases 168,000 Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance