The Following Information for the Month of May Has Been

The following information for the month of May has been provided for Bowser Company:
$\begin{array}{lr}\text { May 1, cash balance } & \$ 56,000 \\\text { Cash collections anticipated in May } & 68,000 \\\text { Expected May cash expenditures for operating expenses } & 22,600 \\\text { Inventory purchases to be paid in May } & 54,200 \\\text { Cash dividends declared in May and to be paid in June } & 18,000 \\\text { May depreciation expense } & 9,600 \\\text { Interest income to be received from investments } & 4,200 \\\text { Production equipment purchase } 50 \% \text { of which will be paid in May and } & \\\text { the balance will be paid in June } & 66,000\end{array}$
Prepare a cash budget for May.