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Interoductiin to budget and preparing to master budget Cornish Company is preparing a cash budget for the month of June. The following information is available:

Interoductiin to budget and preparing to master budget

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Cornish Company is preparing a cash budget for the month of June. The following information is available: Cash Balance, May 31, 2015 $11,000 Cash collections from customers in June 43,000 Depreciation expense in June 10,000 Cash paid for equipment in June 20,000 Cash paid for merchandise in June 20,000 Cash paid for operating expenses in June 20,000 Cash dividend paid in June 5,000 The minimum cash balance desired is $5,000. What are the net cash receipts and disbursements for the month of June? O A. $(2,000) O B. $(3,000) O C. $(22,000) O D. $(32,000)

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