20. Hi-Tech Industries' actual and projected sales for six months of 2022 are given below: Actual Projected Month Sales Apr. 800,000 May 850,000 Jun. 900,000 Jul. 1,500,000 Aug. Sep. 1,000,000 1,000,000 25% of sales is collected in cash at the time of the sale, 50% is collected in the month following the sale, and the remaining 25% is collected in the second month following the sale. Cost of goods sold is 75% of sales. Purchases are made in the month prior to the sale, and payments for purchases are made in the month of the sale. Hi-Tech will receive insurance settlement of $80,000 in Aug., total other cash expenses are $150,000/month. The company's cash balance as of May 31, 2022, is $80,000. The company must have a minimum cash balance of $50,000 at the beginning of each month. Prepare the cash budget for the four projected months