Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018: April May June $313,000 $293,000 $353,000 121,000 144,000 169,000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 43,300 10.300 73,000 10,800 10.300 136,000 62,300 10.300 0 The company predicts that 5 percent of its credit sales will never be collected, 45 percent of its sales will be collected in the month of the sale, and the remaining 50 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 $183,000 and credit purchases were $123.000. Using this information, complete the following cash budget: (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) May June April 116,000 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