Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2015 ril June Credit sales Credit purchases Cash disbursements May $312,000 $292,000 $352,000 120,000 143,000 168,000 Wages, taxes, and expenses Interest Equipment purchases 43,200 10,200 72,000 134,000 10,700 10,200 62,200 10,200 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 2015, credit sales were $182,000 and credit purchases were $122,000. Using this information, complete the following cash budget: (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) ril May June 115,000S$ 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