L03 P22-36. Cash Budget Cash budgeting for Nichole Mango, a merchandising firm, is performed on a quarterly basis. The company is planning its cash needs for the third quarter of 2017, and the following information is available to assist in preparing a cash budget. Budgeted income statements for July through October 2017 are as follows: August September October $22,000 $28,000 $32,000 $40,000 (000) (2u000) Sales Gross proft Less other expenses Selling Administrative 11,000 13,000 15,000 19,000 3,300 3,600 4,000 4,400 5,200 4,200 (8,600) 4,100 4000 6,400 5000 9,000) 4600 (3800) 9,200