Month	Sales	Cash disbursements
February	$500	$400
March	600	300
April	400	600
May	200	500
June	200	200

Jane McDonald, a financial analyst for Carroll Company, has prepared the following sales and cash disbursement estimates for the period February-June of the current year.

McDonald notes that historically, 30% of sales have been for cash. Of credit sales, 70% are collected 1 month after sale, and the remaining 30% are collected 2 months after the sale. The firm wishes to maintain a minimum ending balance in its cash account of $25. Balances above this amount would be invested in short-term government securities (marketable securities), whereas any deficits would be financed through short-term bank borrowing (notes payable). The beginning cash balance at April 1 is $115. Prepare the cash budgets for April, May and June by filling in the blank areas below.