Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2022: Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases April $ 413,000 190,000 May $ 362,000 178,000 June $ 450,000 211,000 80,800 76,300 105,000 10,500 38,500 10,500 11,000 10,500 158,000 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 2022, credit sales were $340,000. 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 April May $ 120,000 Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases $ 182,000 Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance June