Prepare a cash budget for Slater Limited using the following information. should show expected cash receipts and disbursements for June and the expected on June 30. 

1. Beginning cash balance on June 1: $45,000. The company wants to ma minimum cash balance of $40,000 at the end of every month. 

2. Cash receipts from sales: 55% are collected in the month of sale, 45% in the next month. The following amounts are budgeted sales: May    $275,000 

June   $425,000 

3. Payments on purchases: 60% in the month of purchase and 40% in the month following purchase. The following amounts are budgeted merchandise purchases: 

May   $150,000 

June   $175,000 

4. Budgeted cash disbursements for salaries in June: $75,000. 

5. Budgeted depreciation expense on long-lived assets for June: $1,000. 

6. Other cash expenses budgeted for June: $150,000.