P&A Inc. distrubutiors of cars and truck throught West Area in Ayala City, is in the process of assembling a cash budget for the first quarter of 2015. The following information has been extracted from the company's accounting records:

1. All Sales are on account. 60% of the customers accounts are collected in the month of sales, 35% are collected in the following month. Uncollectibles amounting to 5% of sales are anticipated and management belives that only 20% of the accounts oustanding on December 31,2014, will be recovered and the recovery will be in January 2015.

2. 70% of the merchendise purchases are paid for in the month of purchase, the remaining 30% are paid in the month after the acquisition.

3. The December 31 2014 blance sheet disclosed the following selected figures: Cash, $20,000 account receivable, $ 55,000 and account payable $22,000.

4. P&A maintains a $20,000 minimum cash balance at all times. Financing is avilable (and retired) in $1,000 multiples at an 8% interest rate, with borrowings taking place at the beginning of the month and repayments occuring at the month. Interest is paid at the time of the repaying principal and computed on the portion of principal repaid at that time.

5. Additional data:

	January	Febuary	March
Sales Revenue	$150,000	$180,000	$185,000
Merchandise Purchase	90,000	100,000	140,000
Cash Operating Cost	31,000	24,000	45,000
Proceeds from sales of equipment	---------	---------	5,000

Required:

1. Prepare a schedule of cash receipts for January to March and Total Quarter.

2. Prepare a schedule of cash Disbursements for January through March and Total quarter.

3. Prepare a schedule of cash Budget for January through March and total quarter.