12.5.3 - Cash Budget 1) Carlisle Transport had $4,004 cash at the beginning of the period. During the period, the firm collected $1,829 in receivables, paid $1,826 to supplier, had credit sales of $6,939, and incurred cash expenses of $500. What was the cash balance at the end of the period? 2) Gillstrap Promotions has projected the following values for the next three months:

	January	February	March
Sales	$352,000	$379,000	$429,132
Purchases on Trade Credit	$218,000	$240,000	$260,000
Cash Expenses	$88,000	$91,000	$94,000
Taxes, interest, and dividends	$18,000	$20,000	$41,000
Capital Expenditures	$50,000	0	$25,000

All sales are credit sales with 40% collected in the month of sale, 50% collected the following month, and the remainder collected in the second month after the sale. Credit purchases are paid in 30 days and all other items require immediate payment. Compute the net cash inflow for March.