Assignment 3 Problem 4 Intech Corporation's sales and purchases for the last three months are as following: For the next three months, it estimates sales and purchases to be as following: It pays 40 percent of purchases in cash and gets a g percent discount. Another 40 percent of purchases are paid the next month and the final 20 percent of purchases are paid_in_the_aecond_month after the purchase {for example, 4O percent of October purchases are paid in October, 40 percent October purchases are paid in November, and 2D percent October purchases are paid in December). al_o h l r m in h n th lan i 11 t the next month. Cash sales are giyen a two percent discount, and fiye percent of credit sales end up as bad debt. The monthly operating expenses for Intech Corporation's are l,OD . Intech expects to sell one of its machinery in March for 2,. It will buy the replacement in April for $5,. The cash balance as on December 31 was p. In-tech has a target cash balance of +. Prepare a monthly cash budget for the next three months