S& P Enterprises needs a cash budget for March. The following information is available Data anuan February March ual January and February and expected March sales Cash sales Sales on account Total Sale:s S 1,600 S 3,750 $ 5,100 Accounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible 15% 60% 22% 3% Accounts payable for inventory purchases, March 1 balance Budgeted inventory purchases in March Inventory payments: $10,500 523,500 60% 40% Month of purchase Month following purchase Total budgeted selling & administrative expenses in March Budgeted selling & administrative depreciation in March 12,500 $3,200 Other budgeted cash disbursements in March 14,000 $2,000 Equipment purchases Dividends to be paic Minimum cash balance to be maintained March 1 cash balance March 1 outstanding borrowings March 1 interest due 510,000 11,500 50 50