S & P Enterprises needs a cash budget for March. The following information is available. Data January February March Actual January and February and expected March sales: Cash sales $ 1,600 $ 3,750 $ 5,100 Sales on account 25,000 30,000 40,000 Total Sales $ 26,600 $ 33.750 $ 45,100 Accounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible Accounts payable for inventory purchases, March 1 balance Budgeted inventory purchases in March Inventory payments: Month of purchase Month following purchase Total budgeted selling & administrative expenses in March Budgeted selling & administrative depreciation in March Other budgeted cash disbursements in March 15% 60% 22% 3% $10,500 $23,500 60% 40% $12,500 $3,200