Below is the abbreviated cash budget for XYZ Pty Ltd.

Beginning Cash Balance		25,000
Estimated Cash Receipts
Cash Available		365,000
Estimated Cash Payments
Purchases	150,000
Operating Expenses
Office Equipment Purchases	25,000
Total Estimated Cash Payments
Ending Cash Balance		150,000

(a) Calculate the amount of Estimated Cash Receipts, Operating Expenses, and Total Estimated Cash Payments. (b) What action if any should XYZ Pty Ltd take as a result of preparing this budget? Briefly justify your answer.