Please see the below problem::

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Cash Budget Wilson's Retail Comp.any is planning a cash budget for the next three months. Estimated sales revenue is as follcnus: Month SalR Mmth Rue Ch $300,000 245000 March April 1 ss,ooo All sales are on credit; 60 percent is collected during the month of sale, and 40 percent is collected during the next month. Cost of goods sold is 70 percent of sales. Payments for merchandise sold are made in the month following the month of sale. Operating expenses total 540,000 per month and are paid during the month incurred. The cash balance on February I is estimated to be $30,000 Prepare monthly cash budgets for February, March, and April. use negative signs only with beginning and ending cash balances, when appropriate. Do not use negative signs with disbursement answers. s Retail Cuh Bu dgets March. and April ary Cud rQipts Cub ending Cash Budget Wilson's Retail Comp.any is planning a cash budget for the next three months. Estimated sales revenue is as follcnus: Month SalR Mmth Rue Ch $300,000 245000 March April 1 ss,ooo All sales are on credit; 60 percent is collected during the month of sale, and 40 percent is collected during the next month. Cost of goods sold is 70 percent of sales. Payments for merchandise sold are made in the month following the month of sale. Operating expenses total 540,000 per month and are paid during the month incurred. The cash balance on February I is estimated to be $30,000 Prepare monthly cash budgets for February, March, and April. use negative signs only with beginning and ending cash balances, when appropriate. Do not use negative signs with disbursement answers. s Retail Cuh Bu dgets March. and April ary Cud rQipts Cub ending