Angel Enterprises anticipated sales for the months are given below: January: $25,000 February: $25,800 March: $26,700 April: $28,000 Prepare a Cash Budget based on the information below for the months of January, February, March, and April. (Show all calculations, responses can be uploaded as an image) Credit sales are paid 50% the same month and 50% the following month (credit sales for December last year were $26,000) Credit purchases are paid 35% of sales; the full amount paid to the suppliers in the month they are incurred Wages and expenses are 30% of sales every month; paid in the month they are incurred In March, the company pays $25,000 cash for new equipment The opening cash balance is $13,000