Question: please provide steps, thank you Here are some important figures from the budget of Nashville Nougats, Inc, for the second quarter of 2018: Apri $

Here are some important figures from the budget of Nashville Nougats, Inc, for the second quarter of 2018: Apri $ 317,000 $297,000 $357.000 125,000 148.000 173.000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 62.700 43.700 10.700 77.000 11,200 | 10,700 144,000 10,700 for 2 to 1 The company predicts that 5 percent of its credit sales will never be collected, 25 percent of its sales will be collected in the month of the sale, and the remaining 70 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2018, credit sales were $187.000 and credit purchases were $127.000. Using this Information, complete the following cash budget: (Do not round Intermediate calculations. Leave no cells blank - be certain to enter "on wherever required.) June Beginning cash balance 120.000 Cash receipts Cash bollections from credit sales Wages des and expenses 1 of 10 Next > Interest Equipment purchases 10.700 77,000 10.700 144,000 10./00 points The company predicts that 5 percent of its credit sales will never be collected, 25 percent of its sales will be collected in the month of the sale, and the remaining 70 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2018, credit sales were $187,000 and credit purchases were $127,000. Using this information, complete the following cash budget: (Do not round Intermediate calculations. Leave no cells blank.be certain to enter"0" wherever required.) 120.000 Beginning cash balance Cash receipts I do Cash collections from credit sales Total cash available References Cash disbursements Wages taxes and denses E ment Durchases otal cand busements En cas balance
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