Prepare a Cash Budget for the months of January to March 2019 Your Cash budget should include: 1) Cash Receipts Section (6 marks) 2) Cash Disbursements Section (10.5 marks) 2) Cash Balance Section (4.5 marks) Sales information for November and December of 2018 and Sales forcast for January to March of 2019 are as follows 185,000 November (2018) December (2018) January (2019) 180,000 175,000 February (2019) 180,000 March (2019) 195,000 The following information is also available from the credit manager regarding cash sales and credit sales Cash sales 20% Collect after 30 days 50% Collect after 60 days 30% Cost of sales are 60% of each month's sales These purchase are paid 30 days after the purchases are made Monthly sellling and adminsitrative expenses are as followed: Rent 9,200 Salaries 32,000 Utilities 2,000 Office supplies 1,500 Other Information: Their will be a purchase of an equipment in February for: $50,000 $27,500 The cash balance on January 1, 2019 is