aster Budget Extra Credit (i) Submit Bulit-Tight is preparing its master budget. Budgeted sales and cash payments follow Sales to customers are 25% cash and 75% on credit. Sales in June were $57,000. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $17,000 in cash and $5,100 in loans payable. A minimum cash balance of $17,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $17,000 Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end Any preliminary cash balance above $17,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales commis5ions (10\% of sales). office salaries ( $4,100 per month), and rent ( $6,600 per month) Problem 20-2A (Algo) Part 2 2. Prepare a cash budget for the months of July. August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter your final answers in whole dollars.)