Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the

budget.

a$.$ Beginning cash balance, September $1,$ $$49,000.$

b$.$ Budgeted cash receipts from September sales, $$261,000.$

c$.$ Direct materials are purchased on credit. Purchase amounts are August $($actual$),$ $$70,000$; and September $($budgeted$),$ $$103,000.$

Payments for direct materials follow: $60\%$ in the month of purchase and $40\%$ in the first month after purchase.

d$.$ Budgeted cash payments for direct labor in September, $$38,000.$

e$.$ Budgeted depreciation expense for September, $$3,500.$

f$.$ Budgeted cash payment for dividends in September, $$56,000.$

g$.$ Budgeted cash payment for income taxes in September, $$10,300.$

h$.$ Budgeted cash payment for loan interest in September, $$1,400.$

Answer is not complete.