Astro Company is preparing a cash budget for the first quarter of the year 2020. The following information is available: November Jecember January February March Sales $460,000 $480,000 $470,000 $490,000 $450,000 Direct Material Purcha $85,000 $89,000 $92,000 $88,000 $86,000 Direct Labor Costs $180,000 $190,000 $208,000 $230,000 $200,000 Overhead Costs $95,000 $98,000 $103,000 $108,000 $101,000 Selling and Admin Cos $76,000 $76,000 $76,000 $76,000 $76,000 All sales are on account. The sales on account are collected as follows: 20% in the month of sale; 70% in the month following the sale; and 10% in the second month following the sale. All purchases of direct materials are on account. The purchases on account are paid as follows: 80% in the month of purchase and 20%% in the month following the purchase. All of the other costs are paid as inourred. The overhead costs include $7,000 of monthly depreciation and the selling and administrative costs include $3,000 of monthly depreciation. The projected beginning cash balance on January 1is $10,000. Wilbur Company would like to maintain a $10,000 beginning cash balance each month, Wilbur intends to pay an $8,000 cash dividend to preferred shareholders in March.E. Prepare a cash budget for January, February, and March. CASH BUDGET January February March Fill Based on the results of your budget, do you think some additional cash planning is required? Give TWO possible suggestions for amending the cash budget