a. Provide Lotus Gardens management with the cash balance amount at the end of January. Indicate whether this is an acceptable situation.

b. Further make three (3) suggestions that may help Lotus Garden to improve their cash position

Jan ($) ANTICIPATED RECEIPTS Fees (cash) 150,000 Receipt from accounts receivable 56,000 Proceeds from sale of obsolete NCA 30,000 Dividends Received 0 Total receipts 236,000 ANTICIPATED PAYMENTS Salaries and wages 72,000 Administration 1,250 Gardening Supplies 22,500 New equipment 200,000 Plant seedlings 45,000 Total Payments 340,750 Excess (Deficit) receipts over payments (104,750)