Use the following information to prepare a cash budget for Tait 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. a. Beginning cash balance on June 1: $94,500 b. Cash receipts from sales : 40% are collected in the month of sale, 50% in the next month, 5% in the second month, and 5% are uncollectible. The following actual and budgeted amounts of sales are known: April (actual) --- $450,000, May (actual).... $630,000 June (budgeted)..... $50,000 c. Payments on purchases- 50% in the month of purchase, 35% in the month following purchase and the remaining 15% in the second month after the purchase. The following actual and budgeted amounts of merchandise purchases are known- April (actual)..... $300,000, May (actual)- $240,000,June (budgeted) ...... $375,000 d. Budgeted cash disbursements for salaries in June : $ 165,000 e. Budgeted amortization expense for June $ 48,000 f. Other cash expenses budgeted for June $ 48,000 g. Accrued income taxes due in June $88,250 h. Bank loan interest due in June : $ 6,750