Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019: April $400,000 177,000 May $349,000 165,000 June $437,000 198,000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 79,500 9,200 32,000 75,000 9,200 4,500 103,700 9,200 145,000 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 2019, credit sales were $327,000. 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.) April May June $ 107,000 I I 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 $ 169,000