Required information Problem 22-2A (Static) Manufacturlng: Cash budget and schedule of cosh payments LO P2 [The following information applies to the questions displayed beiow] Eult-Tight is preparing its master budget Budgeted soles and cosh payments follow Sales to customers are 20% cash and 80% on credit Sales in June were $56.250. Al credit sales are collected in the morth following the sale. The June 30 balance sheet includes balances of $15.000 in cash and $5.000 in loans psyable. A minimum cash balance of $15,000 is required. Loans are obtained at the end of any month when the pre minary cash month-end. Any preliminary cash balance above $15,000 is used to repsy losns at monthend. Expenses ate os din the month incurred and consist of sales commissions (10\% of sales). office saiarlesis4.000 per month). and rent (S6.500 per mortin. Problem 22.2A (Static) Port 2 2 Prepsre a cash budget for the montins of July. Auqust and September. Note: Enter your final answers in whole dollars. 2. Prepare a cash budget for the months of July. August, and September. Note: Enter your final answers in whole dollars