Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019: April May June Credit sales $ 410,000 $ 359,000 $ 447,000 Credit purchases 187,000 175,000 208,000 Cash disbursements Wages, taxes, and expenses 80,500 76,000 104,700 Interest 10,200 10,200 10,200 Equipment purchases 37,000 9,500 155,000 The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2019, credit sales were $337,000. Using this information, complete the following cash budget. (Do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.) April May June 117,000 Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance $ 179,000