The DEF Co. has planned the following sales for the next three months: Sales are made 20% for cash and 80% on account. From experience, the company has learned that a month's sales on account are collected according to the following pattern: The company requires a minimum cash balance of $5,000 to start a month. The beginning cash balance in March is budgeted to be $6,000. Required: a. Calculate the budgeted cash receipts for March. b. Use the following additional information for March to prepare a cash budget for the month of March. Use this information and the budgeted cash receipts you calculated for part (a) above. The company can borrow in any dollar amount and does not pay interest. c. What is the AR balance at the end of March