Martin's Inc. is preparing its cash budget and its planner has forecasted sales revenues and purchases as shown in the below table, also it has the following information regarding its budgeting: 1- The firm collects 40% for cash in the same month and 60% one month after the sale, 2- The company pays 50% of its purchases in the same month and the remaining in the following month, 3- Wages, are expected to be $60,000 per month 4-Taxes are expected to be $20,000 per month 5- A major capital expenditure (Or Capital Outlays) of $100,000 is expected in February 6- Beginning cash balance on January will be 30,000 and the Minimum Cash Balance is $20,000 Month (in 2019) December Sales (in 5) 266,667 Purchases (in 5) 120,000 January 200.000 210,000 February 350,000 270,000 March 450,000 210,000 April 350,000 150,000 8- To determine the firm's Ending Cash Balance of each month, we calculate: * Total Collections - Total Disbursements Unadjusted Cash Balance +Current Borrowing Beginning Cash Balance +Current Borrowing Unadjusted Cash Balance - Current Borrowing None of the above