Prepare a cash budget for Elmwood Manufacturing Company for the first three months of 2011 based on the following information: P715

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Month December 2010 January 2011 February 2011 March 2011 April 2011 Estimated Sales $ 4,600,000 Overhead $640,000 6,400,000 650,000 Estimated Factory Estimated Selling and Administrative Expenses $1,250,000 1,275,000 11,200,000 670,000 1,285,000 8,400,000 670,000 1,310,000 7,000,000 680,000 1,300,000