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,$$$45,000.$

b$.$ Budgeted cash receipts from September sales, $$255,000.$

c$.$ Direct materials are purchased on credit. Purchase amounts are August $($actual$),$ $$79,000$; and September $($budgeted$),$ $$100,000.$ 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, $$33,000.$

e$.$ Budgeted depreciation expense for September, $$3,300.$

f$.$ Budgeted cash payment for dividends in September, $$58,000.$

g$.$ Budgeted cash payment for income taxes in September, $$10,600.$

h$.$ Budgeted cash payment for loan interest in September, $$1,600.$

$\backslash$table$[[$PTO COMPANY$],[$Cash Budget$],[,$September$],[$Beginning cash balance,,$45,000],[$Add: Cash receipts from sales,,$255,000],[$Total cash available,$$,300,000],[$Less: Cash payments for$],[$Direct materials$],[$Direct labor$],[$Dividends$],[$Income taxes$],[$Interest on loan$],[$Total cash payments,,$0]]$