Built$-$Tight is preparing its master budget. Budgeted sales and cash payments follow. July $55,000$ August $71,000$ September $57,000$ Budgeted sales Budgeted cash payments for Direct materials Direct labor Overhead $15,3603,24019,40012,6402,56016,00012,9602,64016,400$ Sales to customers are $20\%$ cash and $80\%$ on creditSales in June were $$52,500.$ All credit sales are collected in the month following the sale. The June $30$ balance sheet includes balances of $$51,000$ in cash and $\backslash$$$4\mathrm{.}200$ in loans payableA minimum cash balance of $$51,000$ is required. Loans are obtained at the end of any month when the preliminary cash balance is below $$51,000$Interest is $1\%$ per month based on the beginning$-$of$-$the$-$month loan balance and is paid at each month$-$end. Any preliminary cash balance above $$51,000$ is used to repay loans at month$-$end. Expenses are paid in the month incurred and consist of sales commissions $(10\%$ of sales$),$ office salaries $($$$3,200$ per month$),$ and rent $($$$5,700$ per month$)2.$ Prepare a cash budget for the months of JulyAugust, and September