Koshy Company is planning a cash budget for the next three months. Estimated sales revenue is:

Month	Revenue	Month	Revenue
January	$175,000	March	$125,000
February	150,000	April	100,000

Month Sales Revenue Month Sales Revenue

All sales are on credit; 60 percent is collected during the month of sale, and 40 percent is collected during the next month. Cost of goods sold is 80 percent of sales. Payments for merchandise sold are made in the month following the month of sale. Operating expenses total $26,000 per month and are paid during the month incurred. The cash balance on February 1 is estimated to be $35,000.

Prepare monthly cash budgets for February, March, and April.