On March 1 of the current year, Spicer Corporation compiled information to prepare a cash budget for March, April, and May. All of the companys sales are made on account. The following information has been provided by Spicers management.

Month	Credit Sales
January	$	300,000	(actual)
February		400,000	(actual)
March		708,000	(estimated)
April		650,000	(estimated)
May		800,000	(estimated)

The companys collection activity on credit sales historically has been as follows.

Collections in the month of the sale	50	%
Collections one month after the sale	30
Collections two months after the sale	15
Uncollectible accounts	5

Spicers total cash expenditures for March, April, and May have been estimated at $1,200,000 (an average of $400,000 per month). Its cash balance on March 1 of the current year is $500,000. No financing or investing activities are anticipated during the second quarter.

Compute Spicers budgeted cash balance at the ends of March, April, and May.

On March 1 of the current year, Spicer Corporation compiled information to prepare a cash budget for March, April, and May. All of the companys sales are made on account. The following information has been provided by Spicers management.

Month	Credit Sales
January	$	300,000	(actual)
February		400,000	(actual)
March		708,000	(estimated)
April		650,000	(estimated)
May		800,000	(estimated)

The companys collection activity on credit sales historically has been as follows.

Collections in the month of the sale	50	%
Collections one month after the sale	30
Collections two months after the sale	15
Uncollectible accounts	5

Spicers total cash expenditures for March, April, and May have been estimated at $1,200,000 (an average of $400,000 per month). Its cash balance on March 1 of the current year is $500,000. No financing or investing activities are anticipated during the second quarter.

Compute Spicers budgeted cash balance at the ends of March, April, and May.

On March 1 of the current year, Spicer Corporation compiled information to prepare a cash budget for March, April, and May. All of the companys sales are made on account. The following information has been provided by Spicers management.

Month	Credit Sales
January	$	300,000	(actual)
February		400,000	(actual)
March		708,000	(estimated)
April		650,000	(estimated)
May		800,000	(estimated)

The companys collection activity on credit sales historically has been as follows.

Collections in the month of the sale	50	%
Collections one month after the sale	30
Collections two months after the sale	15
Uncollectible accounts	5

Spicers total cash expenditures for March, April, and May have been estimated at $1,200,000 (an average of $400,000 per month). Its cash balance on March 1 of the current year is $500,000. No financing or investing activities are anticipated during the second quarter.

Compute Spicers budgeted cash balance at the ends of March, April, and May.