ABC Company has a cash balance of $22,000 on August 1 and requires a minimum ending cash balance of $20,000. Cash receipts from sales budgeted for August are $306,180. Cash disbursements budgeted for August include inventory purchases, $40,000; other manufacturing expenses, $92,000; operating expenses, $78,600; bond retirements, $50,000; and dividend payments, $15,000.

Required:
Prepare a cash budget for ABC Company for August.