Cooper Company, a retailer of camping supplies has budgeted activity for January using the following data: Other information: Cash sales - January Credit sales - January Credit sales December Selling and administrative costs (including depreciation) Depreciation expense Materials purchases Beginning cash balance Minimum cash balance required $25,000 215,000 247,500 50,000 5,000 221,750 3,000 10,000 All purchases are paid for in cash Selling and administration costs are paid for in the month of purchase 60% of credit sales are collected in the month of the sale with the remainder being collected in the following month. Required: Prepare a cash budget for January in good form. The company wishes to maintain a minimum cash balance of $10,000. All borrowing must occur in increments of $1,000.

Other information: - All purchases are paid for in cash - Selling and administration costs are paid for in the month of purchase - 60% of credit sales are collected in the month of the sale with the remainder being collected in the following month. Required: Prepare a cash budget for January in good form. The company wishes to maintain a minimum cash galance of $10,000. All borrowing must occur in increments of $1,000. Other information: - All purchases are paid for in cash - Selling and administration costs are paid for in the month of purchase - 60% of credit sales are collected in the month of the sale with the remainder being collected in the following month. Required: Prepare a cash budget for January in good form. The company wishes to maintain a minimum cash palance of $10,000. All borrowing must occur in increments of $1,000