The treasurer of Unisyms Company has accumulated the following budget information for the first two months of the coming year:

	March	April
Sales	$450,000	$520,000
Manufacturing costs	290,000	350,000
Selling and administrative expenses	41,400	46,400
Capital additions	250,000	--

The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February, and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred, with the balance paid in the following month. Capital additions of $250,000 are expected to be paid in March.

Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.

Prepare a monthly cash budget for March and April.

Unisyms Company
Cash Budget
For the Two Months Ending April 30, 20XX
	March	April
Estimated cash receipts from:
Cash sales	$fill in the blank 2	$fill in the blank 3
Collections of accounts receivable	fill in the blank 5	fill in the blank 6
Total cash receipts	$fill in the blank 7	$fill in the blank 8
Estimated cash payments for:
Manufacturing costs	$fill in the blank 10	$fill in the blank 11
Selling and administrative expenses	fill in the blank 13	fill in the blank 14
Capital additions	fill in the blank 16
Income taxes		fill in the blank 18
Total cash payments	$fill in the blank 19	$fill in the blank 20
Cash increase (decrease)	$fill in the blank 22	$fill in the blank 23
Cash balance at beginning of month	fill in the blank 25	fill in the blank 26
Cash balance at end of month	$fill in the blank 28	$fill in the blank 29
Minimum cash balance	fill in the blank 31	fill in the blank 32
Excess (deficiency)	$fill in the blank 34	$fill in the blank 35