Prepare also a cash flow statement 

Cash balance, beginning Add: Cash receipts Collection of accounts (Sch. 1) Totals Less: Cash payments Accounts payable(Sch. 2) Expenses Purchase of equipment Purchase of bond investment Withdrawals for personal use Totals Cash balance, ending Less: Excess cash on hand Add: New borrowings Cash balance, ending Cumulative investments Cumulative borrowings Schedule 1: Sales Accounts receivable Collections Schedule 2 Cost of sales Inventories Purchases Accounts payable Payments Prepaid operating expenses Accrued operating expenses Jan. 3,000 5,000 Kentucky Company Cash Budget For the First Six Months of 2021 Feb. 2,000 Jan. P46,000 6,000 98,000 78,000 90,000 P144,000 P118,000 P130,000 P58,000 P36,000 P76,000 16,000 14,000 16,000 PS5,000 15,000 Prepare Cash Budget with this Additional Information: P40,000 P15,000 15,000 15,000 P89,000 P115,000 P107,000 P3,000 P23,000 Jan P92,000 Feb. P40,000 6,000 P98,000 0 50,000 15,000 March April P40,000 Jan Feb. P50.000 P46,000 8,000 P58,000 (8,000) P38,000 (2,000) P58,000 P36,000 37,000 17,000 P40,000 P40,000 P15,000 P15,000 P37,000 P54,000 Mar. 4,000 7,000 P40,000 Apr. (3,000) (5,000) P66,000 22,000 86,000 150,000 166,000 196,000 P190,000 P206,000 P236,000 39,000 P40,000 P15,000 P93,000 March April P56,000 P68,000 14,000 P70,000 P68,000 6,000 P76,000 (2,000) P66,000 May June P172,000 P188,000 Feb. March April P146,000 P82,000 P102,000 (12,000) (4,000) 4,000 P78,000 P90,000 P150,000 P166,000 (6,000) 8,000 P196,000 15,000 15,000 $15,000 P189,000 P121,000 P159,000 P1,000 P85,000 P77,000 45,000 37,000 May P40,000 0 May (2,000) June P40,000 (6,000) P82,000 P116,000 24,000 28,000 P40,000 P60,000 P93,000 P40,000 P97,000 P93,000 May June P96,000 P88,000 (10,000) 16,000 P78,000 P112,000 4,000 4,000 P82,000 P116,000 June (4,000) (7,000)