Please answer the following questions:

Angel Enterprises anticipated sales for the months are given below:

January: $25,000

February: $25,800

March: $26,700

April: $28,000

Prepare aCash Budgetbased on the information below for the months of January, February, March, and April.(Show all calculations, responses can be uploaded as an image)

• Credit sales are paid 50% the same month and 50% the following month (credit sales for December last year were $26,000)
• Credit purchases are paid 35% of sales; the full amount paid to the suppliers in the month they are incurred
• Wages and expenses are 30% of sales every month; paid in the month they are incurred
• In March, the company pays $25,000 cash for new equipment
• The opening cash balance is $13,000