Use the following information to prepare the July cash budget for Acco Company. Ignore the "Loan activity" section of the budget a. Beginning cash balance on July 1: $73,000. b. Budgeted cash receipts from sales: 30% is collected in the month of sale, 50% in the next month, and 20% in the second month after sale. Sales amounts are May (actual), $1,910,000; June (actual), $1,280,000; and July (budgeted), $1,440,000. c. Budgeted cash payments on merchandise purchases: 80% in the month of purchase and 20% in the month following purchase. Purchase amounts are June (actual), $550,000; and July (budgeted), $440,000. d. Budgeted cash payments for salaries in July: $240,000. e. Budgeted cash payments for sales commissions for July: $150,000. f. Budgeted cash payment for income taxes in July: $60,000. g. Budgeted cash payment for loan interest in July: $9,500. Complete this question by entering your answers in the tabs below.