cash budgetfor Shah Inc. based on the information provided below.

MonthSales RevenueJan320,000Feb300,000Mar260,000Apr205,000

All sales are on credit; 75 percent is collected during the month of sale, and 25 percent is collected during the next month. Cost of goods sold is 80 percent of sales. Payments for goods purchased is made in the next month (30 day credit). Operating expenses total $34,000 per month and are paid during the month incurred . The cash balance on February 1 is estimated to be $18,000. In the space provided below, enter the budgeted cash balance as of end of February