All sales are on credit, 75% is collected during the month of sale, and 25% is collected during the next month. Cost of goods sold is 70%6 of sales: Payments for merchandise sold are made in the month following the month of sale. Operating expenses total \$125,000 per month and are paid during the month incurred. The cash balance on February 1 is estimated to be 555,000 . Prepare monthly cash budgets for February, March and April. Use negative signs only with beginning and ending cash balances, when appropriate. Do not use negative signs with disbursement answers