Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.

1. Beginning cash balance on June 1, $73,000.
2. Cash receipts from sales, $413,000.
3. Budgeted cash payments for purchases, $268,000.
4. Budgeted cash payments for salaries, $35,000.
5. Other budgeted cash expenses, $57,000.
6. Cash repayment of bank loan, $32,000.
7. Budgeted depreciation expense, $34,000.

Multiple Choice

• $126,000.

• $94,000.

• $149,000.

• $60,000.

• $21,000.