Cash budget, Hercules (LO3). Tom and Lynda own Hercules Health Club. They provide you with the following information regarding budgeted membership and purchases of supplies (in $) for August,...

Cash budget, Hercules (LO3). Tom and Lynda own Hercules Health Club. They provide you with the following information regarding budgeted membership and purchases of supplies (in $) for August, September, and October.

Tom and Lynda also inform you that the monthly individual membership fee is $100 and that the monthly family membership fee is $160. Hercules offers a 10% discount if a member pays the entire year’s fee in a lump sum. About 180 individuals and 60 families take advantage of this offer – these numbers are spread evenly throughout the year. Hercules pays for 60% of its purchases during the month of the purchase, and the remainder the next month. Other variable costs (paid in cash) amount to $25 per month for each individual membership and $45 per month for each family membership. Hercules also incurs $41,000 (which includes $12,500 in depreciation) toward fixed costs each month. Finally, Tom and Lynda inform you that they have to pay $20,000 toward the purchase of new equipment in September, and that they take out $15,000 each month as their profit. Finally, Hercules began September with a cash balance of $6,000.

Required:

What is Hercules’ cash budget for September?