Cash Budget:

The controller of Shoe Mart Inc. asks you to prepare a monthly cash budget for the next two months. You are presented with the following budget information:

	January	February
Cash Receipts	$11,200	$5,500
Cash payments	26,000	33,000

Assume a cash balance on January 1 of $40,000, a money market account balance of $0, and a credit line balance of $0. Management desires to maintain a minimum cash balance of $35,000.

Prepare a monthly cash budget and supporting schedules for January and February