pls may you use chegg keyword to answer the questions

Q2. The Doley Company has planned the following sales for the next three months: January February March Budgeted Sales $40,000 $50,000 $70,000 From past experience, the company has learned that sales are collected according to the following pattern: 60% in the month of sale, 30 % in the first month following sale, 10% in the second month following sale. The company requires a minimum end of the month cash balance of $5,000. The beginning cash balance in March is budgeted to be $6,000. The company can borrow from the bank in any amount. Interest will be paid in April. Required: a) Compute the budgeted cash receipts for February and March. b) The following additional information has been provided for March: Inventory purchases (all paid in March) $28,000 Cash operating expenses (all paid in March) $40,000 Depreciation expense for March $5,000 Other cash payments in March $6,000 Prepare a cash budget in good form only for the month of March, using this information and the cash receipts for March you calculated in (a) above