Using the attached spreadsheet, calculate the cash balance at the beginning of March for Angel Food truck based on the information provided below.

MonthSales RevenueJan280,000Feb300,000Mar240,000Apr195,000

All sales are on credit; 70 percent is collected during the month of sale, and 30 percent is collected during the next month. Cost of good s sold is 80 percent of sales. Payments for goods purchased is made in the next month (30 day credit). Operating expenses total $56,000 per month and are paid during the month incurred . The cash balance on February 1 is estimated to be $25,000. In the space provided below, enter the budgeted cash balance as of beginning of March.