Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the budget .. Beginning cash balance, September 1, $41,000 b. Budgeted cash receipts from September sales, $264,000 c. Direct materials are purchased on credit . Purchase amounts are August (actual). $73,000, and September (budgeted). $109.000. Payments for direct materials follow 70% in the month of purchase and 30% in the first month after purchase d. Budgeted cash payments for direct labor in September, $37,000. e. Budgeted depreciation expense for September, $3,300. f. Budgeted cash payment for dividends in September. $51.000. g. Budgeted cash payment for income taxes in September $10,900, h. Budgeted cash payment for loan interest in September, $1,900 g. Budgeted cash payment for income taxes in September, $10,900. h. Budgeted cash payment for loan interest in September, $1,900. PTO COMPANY Cash Budget September $ 0 Beginning cash balance Add. Cash receipts from sales Total cash available Less: Cash payments for Direct materials Direct labor Dividends Income taxes Interest on loan Total cash payments Preliminary cash balance 0 0 $