Roll 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. 1