Please show your work and formulas used

The owner of a plumbing supply company has requested a cash budget for June. After examining the records of the company, you find the foliowing: a. cash balance on June I is $1,486, b. Actual sales for April and May are as follows: c. Credit sales are collected over a 3-month periodi 30% in the month of sole, 40% in the second month, and 20% in the third month. The sales collected in the third menth are subject to a 2% lote fee, which is paid by those customers in addition to what they owe. The remaning sales are uncollectible. d. Inventory purchases average 68% of a month's total sales, or those purchases, 20% are paid for in the month of purchase. The femaining 80% are pald for in the following month. e. Salaries and wages total $11,750 per month, including a 54,500 salary paid to the ewner. f. Rent is $5,400 per month. 9. Taxes to be paid in June are $6,780. The owner also tells you that he expects cash sales of $18,600 and credit sales of $58,000 for June. No minimum cash balance is recuired. The owner of the compary doesn't have aconss to short-term loans: Aequired: 1. Prepare a cash budget for fune. Include supporting schedules for cash collections and cash payments. Round calculatiens and final answers to the nearest dollar, Be sure to enter percentages as whole numbers. 1. Prepare a cash budget for June. Include supporting schedules for cash coliections and cash payments, Round calculations and final answers to the nearest dollar, Be sure to enter percentages as whole numbers