Cash budgetlong dashbasic grenoble enterprises had sales of $ 50,000 in march and $ 60,200 in april. forecast sales for may, june, and july are $ 70,200, $ 80,200, and $ 100,400, respectively. the firm has a cash balance of $ 5,500 on may 1 and wishes to maintain a minimum cash balance of $ 5,500. given the following data, prepare and interpret a cash budget for the months of may, june, and july.