Data for Budget Budgeted Sales December (Actual) $75,000 January $55,000 fibril\" $33388 arc , April $60,000 Budgeted Expenses Wages and Salaries $5,000 Freightout 5% Advertising $3,500 Depreciation $2,000 Other Expenses 1.50% Other Data Minimum Inventory % of Next Month's COGS 40% Ending inventory for Dec. $20,000 Sales Mix: Cash 10% Credit 90% Note: Credit sales collected in the following month COGS 60% inventory Paid: Current Month 50% Month After Purchase 50% Dec' Accounts Payable $3,000 Dec. Cash Balance $11,500 Minimum Cash Balance $10,000 Schedule A: Sales Budget January February March Credit Sales Cash Sales Total Sales Schedule B: Cash Collections January February March Cash Sales Prior Collections Total Collections Schedule C: Purchases Budget January February March Desired Ending Inventory Cost of Goods Sold Total Needed Beginning Inventory Total Purchases Schedule D: Cash Disbursements for Purchases January February March For December For January For February For March Total DisbursementsSchedules E and F: Operating Expenses and Cash Disbursements January February March Cash Expenses: Salaries & Wages Freight-out Advertising Other Expenses Total Disbursements Noncash Expenses: Depreciation Total Expenses Cash Budget January February March Beginning Cash Balance Minimum Cash Balance Available Cash Balance Cash Receipts & Disbursements Collections from Customers Inventory Purchases Operating Expenses Net Cash Excess or (Deficiency) Financing: Borrowing Repayment Ending Cash Balance