Sales forecast: January: 5,100 units; February: 6,900 units; March: 7,300 units; April: 7,500 units. The unit sales price is $49. All sales are on credit and collections are 30% in the month of sale and 70% the following month. Accounts receivable as of December 31, 2015 is $18,000 and this amount is expected to be collected in January 2016. 2. End of month inventory must equal 30% of next months sales. The inventory at the end of December 2015 was 1,530 units. 3. The following are the expected costs for direct materials, direct labor and manufacturing overhead: DM DL Overhead January $12/unit $15/unit $7,500 + $2.60 per unit produced February $12/unit $15/unit $7,500 + $2.60 per unit produced March $12/unit $15/unit $7,500 + $2.60 per unit produced A. Direct materials are paid 40% in the month incurred and 60% in the following month. Account payable for materials as of December 31, 2015 is $5,100; this amount will be paid in January 2016. B. Direct labor is paid in the month incurred. C. Overhead costs are paid in the month incurred. Fixed overhead includes depreciation of $5,500 per month. 4. Selling costs are sales commissions: $2.10 per unit sold; shipping costs: $0.50 per unit sold. Administrative costs per month are: salaries: $15,000; rent: $2,000; depreciation: $1,900. All costs are paid in month incurred. 5. The company plans to buy equipment costing $19,000 in January and to pay dividends of $35,000 in March 6 . (NUMBER 7) The cash balance as of December 31, 2015 is $25,000. The company requires a minimum cash balance of $2,000. The company has a revolving credit with US Bank to borrow in increments of $1,000 at the beginning of each month at interest of 12% annual rate. The company may borrow any amount at the beginning of any month and repays its loans, or any parts of its loans, at the end of any month. Interest payments are due on any principle at the time it is repaid (the amount repaid does not have to be in increments of $1,000). For simplicity, assume that interest is not compounded. As of December 31, 2015 the company has no outstanding loans. Required: Based on the information given, prepare the following budget for each month of the first quarter of 2016 and the quarter totals: Cash Budget. (I just need help with number 7)....for ending cash I got 2274 for January 2,018 for February 30,830 for March with a total being 30,830 please help