Shoe Mart Inc. Cash Budget For the Three Months Ending March 31 January February March Estimated cash receipts from: Cash sales $ 13,600 16,300 V 21,900 Collection of accounts receivable Dividends 4,100 Total cash receipts 17,700 X $ 16,300 X 16,300 X $ 21,900 X Estimated cash payments for: Manufacturing costs Selling and administrative expenses 49,000 X 39,000 V X $ 62,000 X $ 71,000 X 44,000 48,000 Capital expenditures 53,000 Other purposes: Note payable (including interest) Income tax Dividends Total cash payments Cash increase (decrease) Cash balance at beginning of month Cash balance at end of month Minimum cash balance Excess (deficiency) 20,000 $88,000 X X $126,000 $ A A 8,000 X $ 180,000 X $