Calendar Canvas Nov 19 ow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false 4x - L F1 Q A Z C X MInbox (117)- apaolin X Navigate eBook Cash Budget Sales Manufacturing costs Selling and administrative expenses Capital expenditures Check My Work F2 @ 2 Student Hub W S 4 Alt The controller of Stanley Yelnats Inc. asks you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: January February March $225,000 $275,000 $350,000 130,000 165,000 210,000 50,000 70,000 75,000 X F3 3 Search # The company expects to sell about 20% of its merchandise for cash. Of sales on account, 75% are expected to be collected in full in the month following the sale and the remainder in the following month. Depreciation, insurance, and property tax expense represent $20,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in June, and the annual property taxes are paid in October. Of the r