Tyva$$s balance sheet for May $31$ follows: Tyva Balance Sheet as of May $31$

Assets:

Cash $$9,435$

Accounts Recievable $$324,000$

Less: Allowance for bad debts $$16,200\mathrm{.}00$ $$307,800\mathrm{.}00$

Inventories

Direct materials $$9,279\mathrm{.}00$

Finished goods $$115,875\mathrm{.}00$

Fixed assets $$870,000$

Less: Accumulated depreciation $$136,335\mathrm{.}00$ $$733,665\mathrm{.}00$

Total assets $$1,176,054$

Liabilities and Equity

Accounts payable $$15,600$

Taxes payable $$10,800\mathrm{.}00$

Interest payable $$750\mathrm{.}00$

Long$-$term debt $$150,000\mathrm{.}00$

Common stock $$300,000\mathrm{.}00$

Retained earnings $$698,904\mathrm{.}00$

Total liabilities and equity $$1,176,054$

Additional Information: All sales are on account; $60\%$ are collected in the month of the sale, $38\%$ are collected the follow$-$ing month, and $2\%$ are never collected and written off as bad debts.

All purchases of materials are on account. Tyva pays for $80\%$ of purchases in the month of pur$-$chase and $20\%$ in the following month.

All other costs are paid in the month incurred, including the declaration and payment of a $$15,000$ cash dividend in June.

Tyva is making monthly interest payments of $0\mathrm{.}5\%(6\%$ per year$)$ on a $$150,000$ long$-$term loan.

Tyva plans to pay the $$10,800$ of taxes owed as of May $31$ in the month of June. Income tax ex$-$pense for June is $$25,107,$ which will be paid in July.

$30\%$ of processing, setup, and inspection costs and $10\%$ of marketing and general administration and shipping costs are depreciation.

Required:

Use the balance sheet and the following information to prepare a cash budget for Tyva for June. Round to dollars. Prepare a budgeted income statement for June and a budgeted balance sheet for Tyva as of June $30,2021$