Here are some important figures from the budget of Cornell, Inc., for the second quarter of 2016: April May June Credit sales $ 314,000 $ 294,000 $ 354,000 Credit purchases 122,000 145,000 170,000 Cash disbursements Wages, taxes, and expenses 43,400 10,900 62,400 Interest 10,400 10,400 10,400 Equipment purchases 74,000 138,000 0 The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2016, credit sales were $184,000, and credit purchases were $124,000. Using this information, complete the following cash budget. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.16.) April May June Beginning cash balance $ 117,000 $ $ 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 $ $ $