Cash Budget Patrick's Retail Company is planning a cash budget for the next three month Estimated sales revenue is as follows: Manth Sales Revenue Mont Sales Reve $260.000 a 300.000 Fehnuary 150.000 April 71.000 All sales are on credit 75% is collected during the month of sale, and 25% is collected during the next month Cost of goods sold is 70 of sales Payments for this sold are made in the month following the month of sale Operating expenses total $125.000 per month and are paid during the month incurred The cath balance on February 1 is estimated to be 55.000 My institution Courses Community MBA 6302-TBA -ACCOUNTING FOR MGMT DECISIONS - 35111.202130 mythusinessCourse Business Course Return to course Support month following the month of sale. Operating expenses total 5125,000 per month and are paid during the month incurred. The cash balance on february Prepare monthly cash budgets for February, March, and April Use negative signs only with beginning and ending cash balances, when appropriate. Do not use negative signs with disbursement answers. Patrick's Retail Company Cash Budgets February March, and April February March April Cash balance, beginning 5 55,000 80,000 97,500 Total Cash receipts 262.500 X 300.000 x 281,250 Cash available 380,000 467,500 478.750 Total disbursements OX OX 0 X Cash balance, ending 80,000 $ 97,500 73,750 Check