Question 3 (6 marks) Pools Galore is in the business of selling inground pools and landscaping. At 1 January 2020, it had a bank balance of $104,000. Provided below are estimates for receipts and payments for the three months ending 31 March 2020. January February March 280,000 400,000 320,000 200,000 Pools Galore Receipts Sales Proceeds from the sale of old non-curent assets Payments Salaries and wages Supplies New equipment Purchase of plants 140,000 18,400 140,000 24,000 140,000 17,000 288,000 84,000 90,000 122,000 Sales are received as follows: 50% in month of sale, 30% month following sale and 20% in second month following sale Required Prepare a monthly cash budget for the three months ending 31 March 2020. Your final cash at bank figure is that expected at the 31 March 2020 (there is no need to include an overall total column). Ensure you show all your workings. You may use either word or excel but your final submission must be in this one document and not include screen shots or photos as these cannot be reviewed by Turnitin. Please note: you will only be penalised once for an error, please continue with the question even if you are not sure as you may receive marks