lHYD company lm is about to prepare a monthly cash budget for the upcoming 3 months ('om January to March 2020). The following transactions are recorded: 0 About 60% of sales are collected 1 month after the sale and the remainder is collected in the second month following the sale. 0 The company purchases are 80% of sture sales forecasted. These are made 2 months in advance of expected sales. 0 Payments for these purchases are made in the next month after purchase. I Other expenses such as monthly wages and salaries are estimated at 5% of monthly forecast sales. 0 You are required to complete the 3-month (January, February, and March) cash budget below for HYD company. Note: Provide answers ONLY for coloured boxes A to X December Janna ' Sales 50,000 60,000 110,000 Sales collected aer one month Sales collected aer two months Total cash receipts Cash disbursements Payments for E M U purchases Wages and Salaries F N V I Total cash G o w ' disbursements Net change in cash H P X