Motors Corporation manufactures motors for dirt bikes. The company requires a minimum $30,000 cash balance at each month- end. If necessary, the company borrows to meet this requirement at a cost of 3% interest per month (paid at the end of each month). Any preliminary cash balance above $30,000 at month-end is used to repay loans. The cash balance on July 1 is $29,000, and the company has no outstanding loans. Budgeted cash receipts and budgeted cash payments (other than for interest on the loan and loan activity) follow. Cash receipts Cash payments July $ 80,000 108,000 August September $ 106,000 $ 145,000 94,900 122,400 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) Beginning cash balance Total cash available Total cash payments Preliminary cash balance Additional loan (loan repayment) Ending cash balance Loan activity Loan balance, beginning of Month Additional loan (loan repayment) Loan balance, end of month MOTORS CORPORATION Cash Budget July August September Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 183 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 610 May 690 June 640 July 730 RUIZ CO. Production Budget April May June Next period budgeted sales units 690 640 730 Ratio of inventory to future sales 30% 30% 30% Total required units Units to produce