Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018: April May June $325,000 $305,000 $365,000 133,000 156,000 181,000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 44,500 12,000 63,500 11,500 85,000 11,500 160,000 11,500 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 2018, credit sales were $195,000 and credit purchases were $135,000. Using this information, complete the following cash budget: (Do not round intermediate calculations. Leave no cells blank - be certain to enter "O" wherever required.) May June April 128,000 $ 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