Sharpe Corporations projected sales for the first eight months of 2019 are as follows:

January	$ 90,000	May	$300,000
February	120,000	June	270,000
March	135,000	July	225,000
April	240,000	August	150,000

Of Sharpes sales, 10 percent is for cash, another 60 percent is collected in the month following the sale, and 30 percent is collected in the second month following sale. November and December sales for 2018 were $220,000 and $175,000, respectively. Sharpe purchases its raw materials two months in advance of its sales equal to 60 percent of their final sales price. The supplier is paid one month after it makes delivery. In addition, Sharpe pays $10,000 per month for rent and $20,000 each month for other expenditures. Tax prepayments of $22,500 are made each quarter, beginning in March. The companys cash balance at December 31, 2018 was $22,000; a minimum balance of $15,000 must be maintained at all times. Prepare a cash budget for Sharpe covering the first seven months of 2019.