Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2021:

	April	May	June
Credit sales	$357,400	$342,500	$402,600
Credit purchases	125,100	157,300	195,500
Cash disbursements
Wages, taxes, and expenses	51,200	64,700	77,300
Interest	12,400	12,400	12,400
Equipment purchases	84,500	131,000	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 $245,300 and credit purchases were $149,300. Using this information, complete the following cash budget:

	April	May	June
Beginning cash balance	$125,000
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