TOPIC 4 (2 UNITS) The company "xxx" prepares its budgets for next year, 2XX1. Data related to relevant forecasts for the first quarter are given in the table below:

	Product sales in cash	Product sales on credit	Product purchases in cash	Supplier payments
January	150.000,00	650.000,00	580.000,00	360.000,00
Frebruary	170.000,00	680.000,00	542.000,00	337.000,00
March	180.000,00	630.000,00	500.000,00	350.000,00

In addition, the following information is available: Sales on credit are collected at 60% in the following month of sales and 35% in the month after that. The remaining 5% is not expected to be collected (doubtful receivables). Sales on credit of the previous December are 780,000 and of the previous November 810,000 The cash balance at the beginning of January is 400,000

REQUESTED Prepare the cash budget for the month of January, February and March and in total for the quarter.