Sante's Cookies is a small local bakery that is needing your help in generating a Cash Budget for the month ended May 31, 2021. The owner likes to have a minimum of $4,000 in cash available for any given month. The expectation is that its revenues and purchases of raw materials will be as follows:

		Sales	Purchases
	March	$ 28,000	$ 162,000
	April	$ 40,000	$ 42,600
	May	$ 52,000	$ 38,200
	June	$ 44,000	$ 44,800
	July	$ 36,000	$ 29,400

Because Sante supplies many vendors, sixty percent of her sales are on credit. Collection of outstanding Accounts Receivables has never been a problem; historically she collects 30% in the month following the sale and the remainder in the month after that. Payments to their suppliers are put on account and are paid for in the month following the purchase. The beginning Cash balance at May 1, 2021 is $4,000. At May 1, 2021, there is also an outstanding loan for $2,200 as well.

Required: Prepare a cash budget for Sante's Cookies for the month of May, 2021.