Jamaica Co's sales forecast for the first five months of 2018 are as follows: (i) Sales for November and December of the previous year were $40,000 and $45,000 respectively. (ii) Sixty percent of sales will be for irst month following the sale; and the remaining 10% will be collected in December January February March Aprchase. Each month's purchases is shown below: $22,400$25,200$33,600$32,200$38,500 (iv) Wages total $4,200 monthly. (v) Other expenses are $1,800 in January but is expected to increase by $550 each month; (vi) Equipment costing $15,000 will be ordered in January. A deposit of 20% of the cost will be required at the time of the order, with the balance (vii) Income tax of $7,500 is due in March, at the enc (viii) The company's starting cash batsnce on sanus forward. y's starting cash balance on January 1 will be $10,000; however, a new minimum balance of $20,000 will be applied going (bx) Short-term oredit is arranged at an interest rate of 12 percent per annum (1 percent per month) to be paid monthly. The interest on any Required: Prepare Jamaica Co.'s cash budget covering January to April