Sales are made on a cash basis only. Koehl's purchases must be paid for during the following month. Koehl pays herself a salary of $5,000 per month, and the rent is $2,100 per month. In addition, she must make a tax payment of $13,000 in December. The current cash on hand (on December 1) is $200, but Koehl has agreed to maintain an average bank balance of $6,500 - this is her target cash balance. (Disregard the amount in the cash register, which is insignificant because Koehl keeps only a small amount on hand in order to lessen the chances of robbery.)

The estimated sales and purchases for December, January, and February are shown below. Purchases during November amounted to $110,000.

a. Prepare a cash budget for December, January, and February. Do not round intermediate calculations. Round your answers nearest dollar. Negative values, if any, should be indicated by a minus sign. Collertinns and Durrhaces