Q2 Henry Lawrence provides the following budgets for cash receipts and cash disbursements for 2019 on a quarterly basis. The ending cash balance on December 31, 2018 was $18,500. 01 534,000 Q2 $26,000 30,000 Q3 $14,000 15,000 04 $54,000 0,000 Period End $128,000 95,000 Receipts Disbursements 20,000 Required a) Calculate the net cash flow for each quarter. Q3 For the upcoming year, Kinston Quart Limited expects to generate $4,000,000 of revenue. Based on historical trends, the company makes the most sales in the first two quarters. As a result, it assumes that the first and second quarter will each contribute 30% of the annual revenue. The remaining budgeted amount will be allocated equally between the last two quarters. Calculate budgeted sales in dollars for each quarter and the upcoming year as a whole. Q4 Period End Q3 01 Q2