Ex (3) From the following data; 1- Beg. Cash balance $ 42,000 2- Purchased equipment $ 120,000 paid as follows $ 20,000 Q1 - 40,000 Q2-20,000 Q3-20,000 Q4 3- Cash dividends $20,000 per quarter 4- Minimum cash balance $50,000 foreach quarter 5- Collections from clients $ 200,000-450,000 - 750,000 - 600,000 6- D.M.payments $ 50,500-50,300 - 50,350 - 60,350 7-D. L. payments $ 85,000-100,000 - 215,000 - 115,000 8- Manufacturing Payments $ 65,000-95,000 - 105,200 -75,000 9-Selling expenses paid $ 95,000-130,900 - 185,750 - 130,500 The company borrowing from. A. B. Bank for any deficiency Required: Prepare the cash Budget for each quarter W TOSHIBA F6 F7F8 F10 F11 F12 INS DEN 99 0 | SP