Built-Tight is preparing its master budget. Budgeted sales and cash payments follow. September $ 49,000 Budgeted sales Budgeted cash payments for Direct materials Direct labor Overhead July $ 63,000 16,360 4,240 20,400 August $ 79,000 13,640 3,560 17,000 13,960 3,640 17,400 Sales to customers are 25% cash and 75% on credit. Sales in June were $57,500. All credit sales are collected in the month following the sale, The June 30 balance sheet includes balances of $19,000 in cash and $5,200 in loans payable. A minimum cash balance of $19,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $19,000. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. Any preliminary cash balance above $19,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($4,200 per month), and rent ($6,700 per month). 2. Prepare a cash budget for the months of July, August, and September. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter your final answers in whole dollars.