1 fx S&P Enterprises needs a cash budget for March. The following information is A B C D E S&P Enterprises needs a cash budget for March. The following information is available. Data January February March Actual January and February and expected March sales: Cash sales Sales on account $ 25,000 1,600 $ 3,750 $ 5,100 30,000 40,000 Total Sales $26.600 S 33.750 $ 45,100 Accounts Receivable Collections: 0 Month of sale 1 Month following sale 2 Second month following sale B Uncollectible 15% 60% 22% 3% 4 5 Accounts payable for inventory purchases, March 1 balance 6 Budgeted inventory purchases in March $10,500 $23,500 7 Inventory payments: 18 Month of purchase 60% 19 Month following purchase 40% 20 21 Total budgeted selling & administrative expenses in March $12,500 22 Budgeted selling & administrative depreciation in March 23 $3,200