3 Delicious Desserts Co. prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows: 4 5 Cash balance on February 1 S 60,000 The company took out a loan on January 1st. They have S 48,000 6 not made any payments on the loan principal to date. 7 8 Description Cash payments for expenses 9 Collection of notes receivable 10 Depreciation expense 11 Equipment purchase (in cash) 12 Proceeds from sale of land 2155 16 13 February March $ 275,000 $ 325,000 70,000 If you have ANT the exam you w immediat Please message you are 30,000 30,000 If you wait unti nothing 100,000 150,000 14 15 Minimum cash balance at the end of each month 60,000 Required: Prepare a cash budget for February, March and a summary column for the two month period. (14 17 marks)