the opening balance on 1st january was expected to be $40000.00. the sales budgeted were as follows: january 89500, february 87250, arch 88000. Payments for purchase are to be as follows: january 65000, february 56000, march 64000.wages are $10000 per month and overheads of $30000 per month (including $10000 depreiation) are settled monthly. Taxation of $10000 has been settled in February and the company will receive settlement of insurance claimof $35000 in march. reguired: write up the cash budget for the period and calculate the opening balances for february and march.