Answer and Explanation:
The presentation of the cash budget for the three months is shown below:
Particulars                April           May               June  
Beginning 
cash balance          $182,000  $264,650     $434,150  
Add: 
Cash receipts :    
Credit sales 
collections             $577,750  $622,700      $621,650  
Total cash 
available                $759,750  $887,350      $1,055,800  
Less:
Cash disbursements  
Purchases              -$289,000 -$302,000    -$282,000  
Wages, Taxes 
and expenses        -$137,000   -$129,000     -$179,000  
Interest                    -$15,600    -$15,600        -$15,600  
Equipment 
purchases                -$53,500    -$6,600         -$248,000  
Total 
cash disbursements  -$495,100  -$453,200    -$724,600  
Ending 
cash balance              $264,650   $434,150       $331,200  
Working Notes:
Cash collection from credit sales    
Particulars           March        April        May            June
Credit sales         $561,000  $689,000 $598,000 $751,000
Cash collected :    
35% cash collected 
in month of sales $196,350 $241,150  $209,300  $262,850
60% cash collected 
in following month 
of sales                 $0           $336,600   $413,400  $358,800
Total cash 
collected from sales            $577,750  $622,700  $621,650