Prepare cash budget using following information:

	Sales
Jan	80,000
Feb	75,000
Mar	92,000
April	88,000
May	76,000
June	81,000

• The selling price was set to offer 15% margin on the purchase price of the goods.

• The company has a policy to keep a monthly closing balance of inventory as 50% of the requirement of the next month.

• Beginning inventory for the month of Jan is $43,500 and ending inventory of June is $39,200.

• The purchases are paid 40% in the month of purchase, 30% in the next month, and 30% in the following month.

Prepare cash disbursement budget for the period from March to May