Here are some important figures from the budget of Cornell, Inc., for the second quarter of 2020:

The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2020, credit sales were $435,000 and credit purchases were $234,200. Using this information, complete the following cash budget:

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April May June Credit sales $467,000 $545,000 $582,500 Credit purchases 230,600 315,200 320,400 Cash disbursements Wages, taxes, and expenses 68,300 84,600 101,200 Interest 18,900 18,900 18,900 Equipment purchases 131,400 173,600