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Squishville Incorporated is a manufacturing company that makes stuffed animals. The managers of the company want to maintain a minimum balance of $6,000 at the

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Squishville Incorporated is a manufacturing company that makes stuffed animals. The managers of the company want to maintain a minimum balance of $6,000 at the end of each month. All sales are on credit. All expenses incurred by the company are paid for in the month they are incurred, however Squishville has made an agreement with their supplier that purchases for materials are paid for in the month after they are incurred. The selling and administrative expenses includes a monthly depreciation amount of $4,000. Management has projected the following information for the upcoming months: The company has cash balance of $5,000 on January 31 . They have already prepared a schedule of cash collections and expects that collections will be $275,000 in January, $310,000 in February, and $300,000 in March. The company will be purchasing some new equipment costing $20,000. They will pay for 65% of the equipment in February and the rest in March. Also, the company had great financial results in the previous year so they declared dividends of $12,000 to be paid half in February and half in March Required: Complete a cash budget for Squishville inc. for the months of February and March in the template given below. If you accidentally delete the table, pres. "etri" and " z " to undo and the table should reappear. If it does not just continue as it with the blank page and type your answer as clear as possible

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