Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018 April May June $327,000 $307,000 $367.000 135,000 158,000 183.000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 44,700 11,700 87.000 12,200 11,700 164,000 63,700 11,700 The company predicts that 5 percent of its credit sales will never be collected, 25 percent of its sales will be collected in the month of the sale, and the remaining 70 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 $197.000 and credit purchases were $137.000. Using this information, complete the following cash budget: (Do not round Intermediate calculations. Leave no cells blank - be certain to enter "O" wherever required.) I May June April 1 S 30,000 Beginning cash balance Cash receipts Cash collections from credit sales Total cash available | Cash disbursements $ $ $ Purchases Wages, taxes, and expenses Interest 137,000 44,700 11.700 135,000 12.200 11,700 158,000 63.700 11.700 Equipment purchases Total cash disbursements Ending cash balance 87,000 280,400 164,000 322,900 $ $ $ 233,400