Here are some important figures from the budget of Marston, Inc., for the second quarter of 2016:

April

May

June

Credit sales

$

405,000

$

354,000

$

442,000

Credit purchases

182,000

170,000

203,000

Cash disbursements

Wages, taxes, and expenses

80,000

75,500

104,200

Interest

9,700

9,700

9,700

Equipment purchases

34,500

7,000

150,000

The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2016, credit sales were $332,000. 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
Beginning cash balance	$ 112,000	$	$
Cash receipts
Cash collections from credit sales
Total cash available	$	$	$
Cash disbursements
Purchases	$ 174,000	$	$
Wages, taxes, and expenses
Interest
Equipment purchases
Total cash disbursements	$	$	$
Ending cash balance	$	$	$