$\backslash$table$[[$PTO COMPANY$],[$Cash Budget$],[,$September$],[$Beginning cash balance$],[7,],[$Total cash available$],[$r$,],[F$Use the following information to prepare the September cash budget for PTO Company. Ignore the $$Loan activity$$ section of the budget.

Beginning cash balance, September $1,$ $$48,000.$

Budgeted cash receipts from September sales, $$258,000.$

Direct materials are purchased on credit. Purchase amounts are August $($actual$),$ $$72,000$; and September $($budgeted$),$ $$108,000.$ Payments for direct materials follow: $60\%$ in the month of purchase and $40\%$ in the first month after purchase.

Budgeted cash payments for direct labor in September, $$36,000.$

Budgeted depreciation expense for September, $$3,600.$

Budgeted cash payment for dividends in September, $$59,000.$

Budgeted cash payment for income taxes in September, $$10,100.$

Budgeted cash payment for loan interest in September, $$1,400.$