$($Preparation of a cash budget$)$ The Sharpe Corporation's projected sales for the first eight months of $2014$ are as follows:

In addition, Sharpe pays $$10,400$ per month for rent and $$20,500$ each month for other expenditures. Tax prepayments of $$22,800$ are made each quarter, beginning in March.

a$.$ Prepare a cash budget for Sharpe covering the first seven months of $2014.$

b$.$ Sharpe has $$200,300$ in notes payable due in July that must be repaid or renegotiated for an extension. Will the firm have sufficient cash to repay the notes?

Data table

$\backslash$table$[[$January$,$$$90,000,$May,$$300,600],[$February$,119,000,$June,$270,300],[$March$,135,300,$July,$224,800],[$April$,240,700,$August,$149,400]]$ a$.$ Prepare a cash budget for Sharpe covering the first seven months of $2014.$

Complete $($month by month$)$ the cash budget below: $($Round to the nearest dollar.$)$

Cash Receipts