need help please.

Required information Problem 14-21 (Algo) Cash budget-part 1 LO 14-4, 14-7 TThe following information applies to the questions displayed below.) PrimeTime Sportswear is a custom impinter that began operations six months ago. Sales have exceeded management's most optimistic projections. Sales are made on account and collected as follows: 5196 in the month after the sale is made and 46% in the second month after sale. Merchandise purchases and operating expenses are paid as follows: In the month during which the nerchandise is purchased or the cost is incurred in the subsequent month Primelime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of the firm, follows: Cash on hand June 30 is estimated to be $40,000. Collections of June 30 accounts recelvable were estimated to be $19.540 in July and $14.840 in August. Payments of June 30 accounts payable and accrued expenses in July were fistimated to be $23,690. Required: a. Prepare a cash budget for July. Required: a. Prepare a cash budget for July