Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.a. Beginning cash balance on June 1, $96,000. b. Cash receipts from sales, $423,000. c. Budgeted cash disbursements for purchases, $278,000. d. Budgeted cash disbursements for salaries, $97,000. e. Other budgeted cash expenses, $59,000. f. Cash repayment of bank loan, $34,000. g. Budgeted depreciation expense, $36,000. A) $110,000 B) $85,000 C) $51,000 D) $15,000
