9-2. You are the manager of Forest Products Inc. On January 1, you expect the following balances. Cash on hand $ 9,000 Accounts receivable 100,000 (75,000 from December, 25000 from November) Inventory 40,000 Prepayments & deposits 1,000 Total current assets $150,000 . . Current trade llabilities $ 75,000 Expected sales revenue for January $180,000 Expected cost of goods sold for January $120,000 Expected expenses for January $ 10,000 During January you expect to receive: All the $25,000 outstanding from November $50,000 of the amount outstanding from December 50% of January's sales revenue (the remainder being sold on credit) During January you expect to pay: $75,000 current trade liabilities Inventory bought in January will be paid for in February All the expenses, except $1,000 of depreciation and $200 expiration of prepayments Required Prepare a cash budget for January