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

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Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. Beginning cash balance on June 1,$70,000. Cash receipts from sales, $420,000. Budgeted cash disbursements for purchases, $268,000. Budgeted depreciation $40,000. Budgeted cash disbursements for salaries, $37,000. Other budgeted cash expenses, $58,000. Cash repayment of bank loan, $34,000. \begin{tabular}{c} $126,000 \\ \hline$93,000 \\ $94,000 \\ $53,000 \end{tabular}

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