Prepare a cash budget for Exxon Mobil Corporation for the month of August 2026. Use the following data:

• Beginning Cash Balance: $300,000
• Expected Cash Collections:
  • Sales Revenue: $1,500,000
  • Accounts Receivable: $700,000
• Cash Payments:
  • Purchases: $800,000
  • Operating Expenses: $400,000
  • Salaries: $200,000
• Other Cash Payments: $100,000

Determine the ending cash balance and identify any potential cash shortfalls.