A seasonal company has the following forecasted sales:

January	$200,000
February	$220,000
March	$240,000

Additional information follows:

1. 80% of a months sales are credit sales and the remaining 20% are for cash.
2. 30% of a months sales are collected in the month following the sale and 70% are collected in the second month following the sale.
3. The following disbursements are approximated for March:
   1. Materials costs represent 30% of sales
   2. Labor costs represent 40% of sales
   3. General & Administrative costs are $20,000
   4. Taxes are 5,000

Prepare a cash budget [cash receipts budget and cash disbursements budget] for March; the beginning cash balance for the month was $10,000.