Joyden's Corryout Stores has eight locations. The firm wishes to expond by two more stores and needs a bank loan to do this. Mrs$.$ Wilson the banker, will finance construction if the firm can present an acceptable three$-$month financial plan for January through March. The following ore actival and forecost soles figures:

Of the firm's soles, $60$ percent are for cash and the remaining $40$ percent are on credit. Of credit sales, $20$ percent are paid in the month ofter sale and $80$ percent are poid in the second month after the sale. Materials cost $20$ percent of sales and are purchased and received each month in an amount sufficient to cover the following month's expected sales. Moterials are poid for in the month after they ore received. Lobor expense is $50$ percent of soles and is paid for in the month of soles. Selling and administrative expense is $15$ percent of soles and is poid in the month of sales. Overheod expense is $$31,000$ in cash per month.

Depreciation expense is $$10,600$ per month. Taxes of $$8,600$ will be poid in January, and dividends of $$5,000$ will be paid in March. Cosh ot the beginning of Januory is $$92000,$ and the minimum desired cash balance is $$87,000.$

a$.$ Prepore a schedule of monthly cash receipts for January, February, and March.

$\backslash$table$[[$Jayden$\text{'}$a Carryout Storea$],[$Cash Recelpte Schedule$],[,$November,December,January,Fobruary,March$],[$Siles$,5,260,000,5,340,000,5,400,000,s,440,000,\frac{?}{\text{b}\text{a}\text{r}}(E)$