Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the budget. a. Beginning cash balance, September 1,$49,000. b. Budgeted cash receipts from September sales, $260,000. c. Direct materials are purchased on credit. Purchase amounts are August (actual), $79,000; and September (budgeted), $104,000. Payments for direct materials follow: 70% in the month of purchase and 30% in the first month after purchase. d. Budgeted cash payments for direct labor in September, $39,000. e. Budgeted depreciation expense for September, $3,400. f. Budgeted cash payment for dividends in September, $54,000. g. Budgeted cash payment for income taxes in September, $10,000. h. Budgeted cash payment for loan interest in September, $1,400 
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