Requirement 4. Prepare the cash budget for January and February 2024. Assume no financing took place. December 31, 2023, account balances: Vinning Company Cash $ 30,000 Cash Budget Accounts Receivable 15,000 Two Months Ended February 28, 2024 Merchandise Inventory 24,000 January February Accounts Payable 13,000 Beginning cash balance Salaries and Commissions Payable 2,650 Cash receipts from customers Budgeted amounts for 2024: January February Cash available Sales, all on account $ 80,000 $ 83,500 Cash payments: Purchases, all on account 40,900 41,700 Purchases of merchandise inventory Commissions Expense 4,000 4,175 Selling and administrative expenses Salaries Expense 7,000 7,000 Payments for income taxes Rent Expense 2,200 2,200 Total cash payments Depreciation Expense 800 800 Insurance Expense 200 200 Ending cash balance Income Tax Expense 1,600 1,600 Enter any number in the edit fields and then continue to the next