In the fourth quarter of 2020, Casey Wholesalers' net income is given below. Purchases in the fourth quarter amounted to $375,000. Estimated data for Casey Wholesalers, Inc, for 2021 are also given below. Taxes are 35% of pretax income and are paid in the quarter incurred. 60% of sales are collected in the quarter of sale and 40 % are collected in the next quarter. 80% of purchases are paid in the quarter of purchase and 20% are paid in the next quarter. Selling and administrative expenses are paid in the quarter incurred except for $10,000 of depreciation included in selling and administrative expense. A capital expenditure for $75,000 is planned for the fourth quarter of 2021. Instructions: Prepare a cash budget for each quarter of 2021