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

Here are some important figures from the budget of Marston, Inc., for the second quarter of 2016: April May June Credit sales Credit purchases Cash disbursements S414,000 S363,000 $451,000 191,000 79,000 212,000 Wages, taxes, and expenses Interest 80,900 10,600 39,000 76,400 105,100 10,600 11,500 159,000 10,600 Equipment purchases The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 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 S341,000 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 Ma June Beginning cash balance Cash receipts $ 121,000 Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases $ 183,000 Total cash disbursements Ending cash balance Hints eBook & Resources sf ^di 9/19/20 5:41 PM O Type here to search