Wilson retail company is planning a cash budget for the next 3 months,estimate sales revenue as follows January $300,000. March200,000,

February 250,000. April 150,00

all sales are on credit:60% is collected during the month of sale,and 40% is collected during the next month.cost of goods is 80% of sales.payment for merchandise sold are made in the month following the month of sale.operating expenses total42,000 per month and are paid during the month incurred.the cash balance on febuary1 is estimated to be 30,000.prepare monthly cash budgets for February,March and april