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, $40,000. b. Budgeted cash receipts from September sales, $258.000. c. Direct materials are purchased on credit. Purchase amounts are August (actual), $74,000; and September (budgeted), $107,000. 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, $39,000. e. Budgeted depreciation expense for September, $3,400. f. Budgeted cash payment for dividends in September, $57,000. g. Budgeted cash payment for income taxes in September, $10.900. h. Budgeted cash payment for loan interest in September, $1,200.