Which one of the following items would have to be included for a company preparing a cash budget for July? The borrowing of funds from a bank on a note payable taken out in July, with an agreement to pay the principal and interest in three months. O Collections from sales made in May (collection pattern 30% in month of sale; 70% one month after sale. Property taxes levied in the last calendar year, scheduled to be paid quarterly in the coming year during the last month of each calendar quarter. Depreciation expense for July. Question 9