Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2021: Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment April May June $316,000 $296,000 $356,000 124,000 147,000 172,000 43,600 10,600 76,000 Beginning cash balance Cash receipts Cash collections from credit sales purchases 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. 11,100 62,600 10,600 10,600 142,000 0 In March 2021, credit sales were $186,000 and credit purchases were $126,000. Using this information, complete the following cash budget: (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) $ April 119,000 May June 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 2021, credit sales were $186,000 and credit purchases were $126,000. Using this information, complete the following cash budget: (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) 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 $ April 119,000 May June