Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter...

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Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2022: June Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases April $ 401,000 178,000 May $ 350,000 166,000 $ 438,000 199,000 79,600 9,300 32,500 75,100 9,300 5,000 103,800 9,300 146,000 The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2022, credit sales were $328,000. Using this information, complete the following cash budget. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. April May June Beginning cash balance $ 108,000 $ 197,550 $ 262,650 x Cash receipts Cash collections from credit sales 380,950 332,500 249,518 Total cash available $ 488,950 $ 530,050 $ 512,168 Cash disbursements Purchases $ 170,000 $ 178,000 $ 166,500 Wages, taxes, and expenses 79,600 75,100 103,800 Interest 9,300 9,300 9,300 Equipment purchases 32,500 5,000 146,000 Total cash disbursements $ 291,400 $ 267,400 $ 425,600 x Ending cash balance $ 197,550 $ 262,650 $ 86,568 Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2022: June Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases April $ 401,000 178,000 May $ 350,000 166,000 $ 438,000 199,000 79,600 9,300 32,500 75,100 9,300 5,000 103,800 9,300 146,000 The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2022, credit sales were $328,000. Using this information, complete the following cash budget. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. April May June Beginning cash balance $ 108,000 $ 197,550 $ 262,650 x Cash receipts Cash collections from credit sales 380,950 332,500 249,518 Total cash available $ 488,950 $ 530,050 $ 512,168 Cash disbursements Purchases $ 170,000 $ 178,000 $ 166,500 Wages, taxes, and expenses 79,600 75,100 103,800 Interest 9,300 9,300 9,300 Equipment purchases 32,500 5,000 146,000 Total cash disbursements $ 291,400 $ 267,400 $ 425,600 x Ending cash balance $ 197,550 $ 262,650 $ 86,568