Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2015. April $326,000 134,000 May $306,000 157,000 June $366,000 182,000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 44,600 11,600 86,000 12,100 11,600 162,000 63,600 11,600 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 2015, credit sales were $196,000 and credit purchases were $136,000. 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 Ma June 129.000 $ 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