Cash Budget Wilson's Retail Company is planning a cash budget for the next three months. Estimated sales revenue is as follows:

January	$300,000	March	$200,000
February	205,000	April	185,000

All sales are on credit; 60 percent is collected during the month of sale, and 40 percent is collected during the next month. Cost of goods sold is 80 percent of sales. Payments for merchandise sold are made in the month following the month of sale. Operating expenses total $41,000 per month and are paid during the month incurred. The cash balance on February 1 is estimated to be $40,000. 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 withdisbursement answers.

Cash balance, beginning	$Answer	$Answer	$Answer
Total Cash receipts	Answer	Answer	Answer
Cash available	Answer	Answer	Answer
Total disbursements	Answer	Answer	Answer
Cash balance, ending	$Answer	$Answer	$Answer

Please explain steps thank you