Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2021: April May June Credit sales $ 325,000 $ 305,000 $ 365,000 Credit purchases 133,000 156,000 181,000 Cash disbursements Wages, taxes, and expenses 44,500 12,000 63,500 Interest 11,500 11,500 11,500 Equipment purchases 85,000 160,000 0 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 2021, credit sales were $195,000 and credit purchases were $135,000. Using this information, complete the following cash budget: