Here are some important figures from the budget of Marston, Inc., for the second quarter of 2016: April May June Credit sales $ 413,000 $ 362,000 $ 450,000 Credit purchases 190,000 178,000 211,000 Cash disbursements Wages, taxes, and expenses 80,800 76,300 105,000 Interest 10,500 10,500 10,500 Equipment purchases 38,500 11,000 158,000 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 $340,000. Using this information, complete the following cash budget:

Here are some important figures from the budget of Marston, Inc., for the second quarter of 2016: Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases April May June $413,000 $362,000 $450,000 190,000 178,000 211,000 80,800 76,300 105,000 10,500 10,500 10,500 38,500 11,000 158,000 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 $340,000. 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 $ 120,000 Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases $ 182,000 Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance