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93. Brooke Company's management team is preparing a cash budget for the coming quarter. The following budgeted information is under review. Revenue Inventory purchases Other expenses Januarv $700,000 350,000 150,000 February $800,000 425,000 175,000 March $500,000 225,000 175,000 The company expects to collect 40% of its monthly sales in the month of sale and 60% in the following month. 50% of inventory purchases are paid in the month of purchase, and 50% in the following month. Payments for all other expenses are made in the month incurred. Brooke forecasts the following account balances at the beginning of the quarter. Cash Accounts receivable Accounts payable (Inventory) $200,000 300,000 400,000 Given the above information, the projected ending cash balance for February will be a. b. c. d. $712,500. $500,000. $232,500. $120,000.