Following Data related to cash of Widow company Beginning Cash Balance of May $25,000 Minimum cash Required at ending of each month is $20,000, it has an ability to borrow from a bank to reach for minimum required cash at monthly interest rate 1% and repay the loan in month has sufficient cash fund Estimated sales: for May is $220,000 and for June is $260,000 Estimated FG Purchases: for May is $140,000 and for June is $200,000 operating Expenses include $5000 monthly depreciation for May is $55,000 and for June is $45,000 the policy of Company is collect cash from customer as following:80% in same month, 20% in following month and pay to supplier for FG purchases as following: 70% in same month and 30% in following month paid operating expense in same month occurred except depreciation there is no A/R or A/P at beginning of May Prepare cash budget for May and June