Use the following information to prepare the September cash budget for PTO Company Ignore the "Loan activity" section of the budget o. Beginning cash balance, September 1,\$42,000. b. Budgeted cash receipts from September sales, $263,000 c. Direct materials are purchased on credin. Purchase amounts are August (actual), $73,000, and September (budgeted), $110,000 Payments for direct materials follow: 65% in the month of purchase and 35% in the first month after purchase d. Budgeted cash payments for direct labor in September. $40,000 e. Budgeted deprectation expense for September, $3,200 f. Budgeted cash payment for dividends in September, \$55,000 9. Budgeted cash payment for income taxes in September, $10,800 h. Budgeted cash payment for loan interest in Seplember, $1,200