Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2015 April June Credit sales Credit purchases Cash disbursements May $320,000 $300,000 $360,000 128,000 151,000 176,000 44,000 11,000 80,000 150,000 11,500 11,000 Wages, taxes, and expenses 63,000 11,000 0 Interest Equipment purchases 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 $190,000 and credit purchases were $130,000. Using this information, complete the following cash budget (Do not round intermediate calculations. Leave no cells blank - be certain to enter "o" wherever required.) April Ma June 123,000 $ 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