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please help! Required information [The following information applies to the questions displayed below] Buit-Tight is preparing its master budget. Budgeted sales and cash payments follow:

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Required information [The following information applies to the questions displayed below] Buit-Tight is preparing its master budget. Budgeted sales and cash payments follow: Sates to customers are 30% cash and 70% on credit. Sales in June were $62,500. All credit sales are collected in the month following the sale. The June 30 balance sheet includes bolances of $33,000 in cash and $5.900 in loans payabie. A minimum cash balance of $33,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $33,000. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. Ary preliminary cash bolance above $33,000 is used to repay loans at month-end. Expenses are paid in the month). 2. Prepare a cash budyet for the manths of July, August, and September. 2. Prepare a casti budyet for the montis of July, August, and September, Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter your finat answers in whole dollars

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