Use the following information to prepare a cash budget for Aspen Company for the month of June. The budget should show expected cash receipts and disbursements for the month of June and the balance expected on June 30 Th. a. Beginning cash balance on June 1: 154 501 $; b. Cash receipts from sales:5 % are collected in the month of sale, 35 % in the next month, 55 % in the second month, and 5 % are uncollectable. The following actual and budgeted amounts of sales are known: April (actual) = 846 252 $ May (actual) = 952 437 $ June (Budgeted) = 1 036 994 $ c. Payments on purchases: 6 % in the month of purchase, 45 % in the month following the purchase, and the remaining in the second month after the purchase. The following actual and budgeted amounts of merchandise purchases are known: April (actual) = 514 000 $ May (actual) = 412 000 $ June (Budgeted)= 434 000 $ d. Budgeted cash disbursements for salaries in June: 923 500 $ e. Budgeted amortization expense for June: 359 000 S: f. Purchase of equipment for cash--121 236 $: & Other cash expenses budgeted for June: 299 000 $ h. Accrued income taxes due in July: 188 212 S: Bank loan interest due in June: 196 749 $