On March 1 of the current year, Spicer Corporation compiled information to prepare a cash budget for March April, and May. All of the company's sales are made on account. The following information has been provided by Spicer's management February Credit Sales $300.00 (actual) 400.00 (actual) 500.000 (estimated) 700.000 (estimated) 300.000 (estimated) April The company's collection activity on credit sales historically has been as follows Collections in the month of the sale Collections one month after the sale Collections the months after the sale Uncollectible accounts Spicer's 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 of the current year is $500,000. No financing or investing activities are anticipated during the second quarter. Compute Spicer's budgeted cash balance at the ends of March, Apriland May, Cashbac o March Cash balance Cash balance on Mall