Please help me figure this out! I cannot figure out the Cash Budget Sheet.

80% are expected to be paid in the month in which they are incurred and the balance in the following month. All sales and administrative expenses are paid in the month incurred. Mart's regular quarterly dividend of $8,000 is expected to be declared in February and paid in March. Management desires to maintain a minimum cash balance of $36,000. minimum cash balance required. 2. The budget indicates that the minimum cash balance will not be maintained in March. This is due primarily to which of the following causes? I. Capital expenditures II. Note repayment