REQUIRED: Based on the following information, prepare a Cash Budget for this company for the first two quarters of the FY ending 12/31/2021. You do NOT have to add the two quarters together to obtain cumulative totals. This is super simplified.] OUR Company manufactures longboards and sells them to retailers. Next year will be their first year in business; so, there will be -- Beg. Balances for AR or AP. For their first FY ending 12/31/2021, they have budgeted the following quarterly sales: 1st Quarter, $6,000,000; 2nd Quarter, $4,000,000; 3rd Quarter, $5,000,000; and 4th Quarter, $7,000,000 They estimate that 15% of their total sales will be cash sales in the quarter of the sale (no discounts); 80% of total sales will paid in the quarter AFTER the sale; and another 5% of total sales will result in bad debts. For the sales paid in the quarter AFTER the sale, 1/4 will be paid in time to receive a 1% discount. OUR Company has also estimated their disbursements (all on credit) for next year to be as follows: 1st Quarter, $2,000,000; 2nd Quarter, $6,000,000; 3rd Quarter, $4,000,000; and 4th Quarter, $3,000,000. The firm pays 100% of their accounts payable in the quarter after the purchase, but they never take an early payment discount. ISOLUTION will be posted here AFTER 3:30pm today, 10/15/20