CASE 2 (20 points) Here are some important figures from the budget of Wise Corporation for the third quarter of 2020: September 51.275.00 SLOO Credit alles Credit purchase Cash disbursement Wages, and expenses 158.900 Era . Credit sales collections Collected in mouth of sale Collected month after sale Never collected Je credits S1.135.000 June credit purchases 565102 Being able 55.000 All credit purchases are paid in the following month after the purchase. Instructions: a) Using the above information, complete the following cash budget. (15 points) July August September Beginning cash balance Cash receipts: Cash collections from credit sales Total cash available Cash disbursements: Payments for purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance b) What are the steps in preparing cash budget? Explain. (5 points)