Please help me with this question. Thank you.

Pharma Drug Store is a pharmacy in Portland, Maine, owned by Jane Smith, a local pharmacist. Pharma

business has been good, but Ms. Smith finds that she frequently runs out of cash. To date, she has dealt with

this cash shortfall by delaying payment to the drug suppliers, which is starting to cause problems. Instead

of delaying payment, Ms. Smith has decided that she should borrow from the bank to have cash ready when

needed. To have an estimate of how much she must borrow over the next three months, she must

prepare a cash budget.

All of Pharma's sales are made on a cash basis, but drug purchases must be paid for during the following

month. Ms. Smith pays herself a salary of $4,800 per month, the rent on her store is $2,000 per month,

and a $12,000 payment for taxes is due in December. On December 1, there is $400 cash on hand, but

Ms. Smith wants to maintain a target cash balance of $6,000. Pharma's estimated sales are $160,000 for

December, $40,000 for January, and $60,000 for February. Estimated drug purchases are $140,000 for

November, $40,000 for December, $40,000 for January, and $40,000 for February.

Prepare a cash budget for December, January, and February.