Stewart Corp has the following information available from various schedules to prepare its cash budget for the month of June:

Receipts:

Sales (terms 2/10, net 30): May $90,000, June $100,000 and July $120,000

Collection Pattern:  65% in month of sale, 70% take the discount, 35% in month after the sale Income from Investments: May $500, June $750 and July $350

Disbursements: all expenses are paid for when incurred. Materials are purchased and paid for in the month before they are used.

From the above information, we must prepare a cash budget for June.

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May 30,000 une Materials Used Salaries Maintenance Depreciation Utiliities Dividends Paid Purchase of equipment 32,000 37,000 27,500 5.000 15,000 2,000 25.000 28.000 5.000 15,000 1,200 5.000 15,000 2,700 4.000 2.000 1.000 1.500