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Built$-$Tight is preparing its master budget. Budgeted sales and cash payments

follow:

Sales to customers are $25\%$ cash and $75\%$ on credit. Sales in June were

$$58,500.$ All credit sales are collected in the month following the sale. The

June $30$ balance sheet includes balances of $$23,000$ in cash and $$5,400$ in

loans payable. A minimum cash balance of $$23,000$ is required. Loans are

obtained at the end of any month when the preliminary cash balance is below

$$23,000.$ Interest is $1\%$ per month based on the beginning$-$of$-$the$-$month loan

balance and is paid at each month$-$end. Any preliminary cash balance above

$$23,000$ is used to repay loans at month$-$end. Expenses are paid in the month

incurred and consist of sales commissions $(10\%$ of sales$),$ office salaries $($ $$4,400$

per month$),$ and rent $($ $$6,900$ per month$).$

Prepare a cash budget for the months of July, August, and September. $($Negative balances

and Loan repayment amounts $($if any$)$ should be indicated with minus sign. Enter your final

answers in whole dollars.$)$