Use the following information to prepare the July cash budget for Sanchez Co. it should show expected cash receipts and cash disbursements for the month and the cash balance expected on July 31. (Input all amounts as positive values. Omit the " sign in your response.) a. Beginning cash balance on July 1: $50,000 b. Cas sh ts from sales: 30% is ected in the month of sale, 50% in the next month, and 20% in the second month after sale (uncollectible accounts are negligible and can be ignored). Sales amounts are: May (actual), $1,720,000; June (actual), $1,200,000; and July (budgeted). $1,400,000. c. Payments on merchandise purchases: 60% in the month of purchase and 40% in the month following purchase. Purchases amounts are: June( d. Budgeted cash disbursements for salaries in July: $211,000. e.Budgeted depreciation expense for July: $12,000. f. Other cash expenses budgeted for July: $150,000 g. Accrued income tax due in July: $80,000 h. Bank loan interest due in July: $6,800. SANCHEZ COMPANY Cash Budget For The Month Ended July 31 (Click to select) (Click to select) Total cash avalable Cash disbursements Click to select) (Click to select) Cick to select) (Click to select) (Click to select) Total cash disbursements (Click to select) 14 MacBook Pro esc 8 6