The city of Nevada had the fnlla. er for the selected months of the year: All sales are on account. In March, the city expects to collect a total of $54,250 from sales. This amount consists of $6,750 from January, $17,500 from February and $30,000 from March projected revenues based on the city's normal collection experience. The city anticipates paying $37,500 for the cost of water for March, and $10,000 for other operating costs. The March 1 cash balance is expected to be $6,000, the minimum expected for any given month. Money can be borrowed from a local bank in increments of $1,000 if necessary. Required: Prepare a cash budget, in good form, for March (neat and legible)