Please answer calculation and Cash budget!!!

3 Use the following information to prepare the jury casn puaget for ACCO Company. Ignore the "Loan activity section of the puaget 2 points a. Beginning cash balance on July 1: $68,000. b. Budgeted cash receipts from sales: 25% is collected in the month of sale, 50% in the next month, and 25% in the second month after sale. Sales amounts are May (actual), $1,840,000; June (actual), $1,500,000; and July (budgeted), $1,480,000. c. Budgeted cash payments on merchandise purchases: 80% In the month of purchase and 20% in the month following purchase. Purchase amounts are June (actual), $560,000; and July (budgeted), $500,000. d. Budgeted cash payments for salarles in July: $180,000. e. Budgeted cash payments for sales commissions for July: $150,000. 1. Budgeted cash payment for income taxes in July: $60,000. g. Budgeted cash payment for loan interest in July: $8,500. eBook Hint Complete this question by entering your answers in the tabs below. Print Calculation Cash Budget Calculate the budgeted cash receipts and cash payments. References Calculation of Cash Receipts from Sales -Collected in Total Sales May June July 31 Accounts Receivable July Credit sales from: May $ 1,840,000 1,500,000 June July 1,480,000 Totals $ 4,820,000 Calculation of Cash Payments for Merchandise --------Paid in-... Total Purchases July 31 Accounts payable June July Purchases from: June $ 560,000 July 500,000 1,060,000 Totals $ Calculation Cash Budget >