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begin{tabular}{|l|c|c|c|} hline & Febuary & March & April hline Credit Sales & $336,900 & $314,500 & $378,400 hline Credit purchases & 134,100 &

image text in transcribed \begin{tabular}{|l|c|c|c|} \hline & Febuary & March & April \\ \hline Credit Sales & $336,900 & $314,500 & $378,400 \\ \hline Credit purchases & 134,100 & 152,400 & 180,300 \\ \hline Cash disbursement & & & \\ \hline Wages, taxes, and expenses & 48,910 & 62,300 & 67,600 \\ \hline Interest & 11,320 & 11,320 & 11,320 \\ \hline Equipment purchases & 79,900 & 122,000 & 0 \\ \hline \end{tabular} The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sales, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In January 2020 , credit sales were $211,500 and credit purchases were $145,200. Using this information, complete the following cash budget. What is ending cash balance in Febuary, March, and April

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