Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2021:

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 2021, credit sales were $245,300 and credit purchases were $149,300. Using this information, complete the following cash budget:

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April May June Credit sales $357,400 $342,500 $402,600 Credit purchases 125,100 157,300 195,500 Cash disbursements Wages, taxes, and expenses 51,200 64,700 77,300 Interest 12,400 12,400 12,400 Equipment purchases 84,500 131,000