Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.
Beginning cash balance on June 1, $94,400.
Cash receipts from sales, $415,000.
Budgeted cash payments for purchases, $270,000.
Budgeted cash payments for salaries, $95,400.
Other budgeted cash expenses, $57,400.
Cash repayment of bank loan, $32,400.
Budgeted depreciation expense, $34,400.
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