Construct the cash budget for December- May. Anticipated sales for December- May,in Column 1 and cash disbursements in Column 2 Sales Cash Disbursements December: $5,000 12,000 January: 15,000 14,000 February: 25,000 31,000 March:40,000 29,000 April:35,000 14,000 May 15,000 7,000 Thirty percent of the sales are for cash and 70 percent are on credit. Of the credit sales, 90 percent are collected one month after sale and 10 percent as collected two months after the original sale. Other anticipated receipts include a $1,000 tax refund in December