The preparation of a cash budget

Lewis Brothers Inc. is a distributor of men's, women's, and children's shoes. The company imports shoes primarily from Europe and sells them to

specialty clothing and shoe stores around the country. The company's chief accountant has gathered the following information to aid in the preparation

of a cash budget for the first quarter of year $2.$

The company expects to collect cash on its accounts receivable during the three months, as follows:

January: $$3,005,000$

February: $$2,983,700$

March: $$2,986,400$

Complete the following cash budget for Lewis Inc. by entering the appropriate values in the spaces provided. Use a minus sign to indicate the negative

amount.

Lewis Brothers Inc.

Cash Budget

For the Quarter Ending March $31,$ Year $2$