2. CASH BUDGET (5 points) Mark's Retail Company is planning a cash budget for the next three months. Estimated sales revenue is as follows: January $250,000 March $400,000 February $350,000 April $375,000 All sales are on credit: 75% is collected during the month of sale, and 25% is collected during the next month. Cost of goods sold is 70% of sales. Payments for merchandise sold are made in the month following the month of sale. Operating expenses total $125,000 per month and are paid during the month incurred. The cash balance on February 1 is estimated to be $55,000. a. Prepare monthly cash budgets for February, March, and April