Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2022: Credit sales April May $ 407,000 $356,000 June $ 444,000 205,000 Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 184,000 172,000 80,200 9,900 35,500 75,700 104,400 9,900 8,000 9,900 152,000 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 2022, credit sales were $334,000. Using this information, complete the following cash budget. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements April May 114,000 Purchases $ 176,000 Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance June