Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2022:

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 2022, credit sales were $245,300 and credit purchases were $149,300. Using this information, complete the following cash budget:

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Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases April $357,400 125,100 51,200 12,400 84,500 May $342,500 157,300 64,700 12,400 131,000 June $402.600 195,500 77,300 12,400 0