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The following data are from the budget of Ritewell Publishers. Half the companys sales are transacted on a cash basis. The other half are paid

The following data are from the budget of Ritewell Publishers. Half the companys sales are transacted on a cash basis. The other half are paid for with a 1-month delay. The company pays all of its credit purchases with a 1-month delay. Credit purchases in January were $40, and total sales in January were $190.

February March April
Total sales $ 220 $ 240 $ 200
Cash purchases 75 85 65
Credit purchases 45 35 45
Labor and administrative purchases 35 35 35
Taxes, interest, and dividends 15 15 15
Capital expenditures 110 0 0

Complete the following cash budget. (Leave no cells blank. Enter '0' when necessary. Negative amounts should be indicated by a minus sign.)

February March April
Sources of cash
Collections on current sales
Collections on amounts receivable
Total sources of cash $0 $0 $0
Uses of cash
Payments of accounts payable
Cash purchases
Labor and administrative expenses
Capital expenditures
Taxes, interest, and dividends
Total uses of cash $0 $0 $0
Net cash inflow
Cash at start of period $110
+ Net cash inflow
= Cash at end of period $110 $0 $0
+ Minimum operating cash balance $110
= Cumulative short-term financing required $0 $0 $0

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