Sales in the past two months November and December were 500 and 450 respectively For January February and March you forecast sales of 285 600 and 410 respectively Based on past years experience you expect to collect 20 of sales in cash 50 after 30 days ie in the month following the sale and 30 two months after the sale In January you expect to receive a tax refund of 120 In February you plan to sell an obsolete production machine for 85 Cash outflows for January February and March are expected t