Class 6 - Budget assignment The following information for the month of May has been provided for Bowser Company: May 1, cash balance Cash collections anticipated in May Expected May cash expenditures for operating expenses Inventory purchases to be paid in May Cash dividends declared in May and to be paid in June May depreciation expense Interest income to be received from investments Production equipment purchase 50% of which will be paid in May and the balance will be paid in June $ 29,000 37,000 13,200 26,300 7,500 5.200 1.800 40.000 (a.) Prepare a cash budget for May