A firm has the following monthly pattern of sales: January $100, Feb $300, March $500, April $1000, May $500, June $300. 60% of the sales are on credit and are collected after a month. The co. Pays wages each month that are 60% of sales and has a fixed disbursements ( for ex rent) of $100 a month. In March it receives $200 from a bond that matures; in April and June it makes a tax pmt of $200. Mgmt maintains a cash bal. Of $150 at all times. Construct a cash budget that indicates the firms monthly needs for short term financing. Its beginning cash position is $150.