Below, some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2021 are shown. 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 2021, credit sales were $245,300 and credit purchases were $149,300 Using this information, complete the following cash budget. Input Area: April $357,400 $125,100 May $342,500 $157,300 June $402,600 $195,500 $64,700 $12,400 $131,000 $77,300 $12,400 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases Uncollected credit sales Collected in the month of the sale Collected in the following month Previous month credit sales Previous month credit purchases Beginning cash $51,200 $12,400 $84,500 596 3596 6096 $245,300 $149,300 $125,000 (Use cells A6 to D18 from the given information to complete this question.) Output Areo: April May June 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 Below, some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2021 are shown. 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 2021, credit sales were $245,300 and credit purchases were $149,300 Using this information, complete the following cash budget. Input Area: April $357,400 $125,100 May $342,500 $157,300 June $402,600 $195,500 $64,700 $12,400 $131,000 $77,300 $12,400 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases Uncollected credit sales Collected in the month of the sale Collected in the following month Previous month credit sales Previous month credit purchases Beginning cash $51,200 $12,400 $84,500 596 3596 6096 $245,300 $149,300 $125,000 (Use cells A6 to D18 from the given information to complete this question.) Output Areo: April May June 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