February The Excellent Company has planned the following sales for the next two months: February Sales are Actual figures March Budgeted Sales $50,000 $70,000 $70,000 Budgeted Sales in Units 5,000 7,000 7.000 From experience, the company has learned that a month's sales on account are collected according to the following pattem: Month of Sale 5096 1st Month following Sale 5098 The company requires a minimum cash balance of $5,000 to start a month. The beginning cash balance in March is budgeted to be $5,000. The following additional information has been provided for March: All Cash Expenses (all paid in March) $35,000 Depreciation expense for March 57.000 Dividends paid in March $40,000 Required al Compute the budgeted cash receipts for Narch only. blPrepare a cash budget in 2000 form for the month of March only using the information you computed from computations above The company car borrow in any dollar amount and will not pay interest until Lori