You have been asked to prepare a June cash budget for Brighton Company, a distributor of sports equipment. The following information is available about the companys operations:

1. The cash balance on June 1 will be $44,800.
2. Actual sales for April and May and expected sales for June are as follows:

	April		May		June
Cash sales	$	72,000			$	82,000			$	92,000
Sales on account		424,000				574,000				624,000

Sales on account are collected over a three-month period in the following ratio: 20% collected in the month of sale, 70% collected in the month following sale, and 8% collected in the second month following sale. The remaining 2% are uncollectible.

1. Purchases of inventory will total $324,000 for June. 30% of a months inventory purchases are paid during the month of purchase. The accounts payable remaining from Mays inventory purchases total $174,000, all of which will be paid in June.
2. Selling and administrative expenses are budgeted at $474,000 for June. Of this amount, $52,400 is for depreciation. These are paid in the period incurred.
3. A new Web server for the Marketing Department costing $77,400 will be purchased for cash during June, and dividends totalling $7,600 will be paid during the month.
4. The company must maintain a minimum cash balance of $22,400. An open line of credit is available from the companys bank to bolster the cash position, as needed.

Required:

1. Prepare a schedule of expected cash collections for June.

2. Prepare a schedule of expected cash disbursements for materials during June to suppliers for inventory purchases.

3. Prepare a cash budget for June. Indicate in the financing section any borrowing that will be needed during the month.