Use the following information to prepare the September cash budget for PTO Company. lgnore the "Loan activity" section of the budget. a. Beginning cash balance, September 1, $42,000. b. Budgeted cash receipts from September sales, $265,000. c. Direct materials are purchased on credit. Purchase amounts are August (actual), $70,000; and September (budgeted), $107,000. 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, $34,000. e. Budgeted depreclation expense for September, $3,600. f. Budgeted cash payment for dividends in September, $60,000. 9. Budgeted cash payment for income taxes in September, $10,900. h. Budgeted cash payment for loan interest in September, $1,100