Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30 . a. Beginning cash balance, September 1, \$41,000. b. Budgeted cash receipts from sales in September, $261,000 c. Raw materials are purchased on account. Purchase amounts are August (actual), $74,000, and September (budgeted), \$101,000 Payments for direct materials are made as follows: 60% in the month of purchase and 40% in the month following purchase d. Budgeted cash payments for direct labor in September, $40,000 e. Budgeted depreciation expense for September, $3,200. f. Other cash expenses budgeted for September, $52,000 9. Accrued income taxes payable in September, $10,300 h. Bank loan interest payable in September, $1,800