Kinsman, a retailer provides the following data for 2012 and 2013.

	December 31, 2012	December 31, 2013
Cash	$ 200,000
Trade accounts receivable	84,000	$ 78,000
Merchandise inventory	150,000	140,000
Accounts payable -	(95,000)	(98,000)
merchandise

Budgeted sales for 2013 are $. 1,200.000; sales for 2012 were $ 1, 100,000. Cash sales average 20 percent of total sales each year. Cost of goods sold for 2013 is estimated to be $ 840, 000. Budgeted 2013 variable operating expenses are $120, 000. They vary in proportion to sales and are paid 50 percent in the year incurred and 50 percent the following year. Unpaid variable expenses are not included in accounts payable above.

Fixed operating expenses, including $ 35,000 depreciation and $ 5,000 uncollectible accounts expense, total $100,000 per year. Such expensesinvolving cash paymentsare paid 80 percent in the year incurred and 20 percent the following year. Unpaid fixed expenses are not included in accounts payable above.

Required:

Prepare a cash budge for 2013 with supporting computations on cash collections from credit sales and cash disbursements for purchases of merchandise and operating expenses