Assignment Description Pease read me relevant pats or your textbook which refer to cash tow and fancial paming such needs may anse cyrus Brown wants to develop acash budget for his latest venture. cmus Brown Manutachuring (caM He has estimated the folowing sales forecast sor cBM over the net 9 months March $100,000 April $275,000 May $320,000 June $450,000 July $700,000 August $700,000 September $825,000 October $500,000 $115,000 He has also gatheredthe following collecton estimates regarding the forecast sales Payment colection within the month of sale 25% Payment collection the month following sales Payment collection the second month following sales Payments for direct manufacturing costs ike raw materials and labor ane made duing the monththat follows the one in which such costs have been incurred These cost are estimated as follows: $187,500 $206,250 May $375,000 $337,500 $431,250 July August $640,000 September $395,000 $425,000 ddoonal financial information is as follows: Administrative salaries wil approximately amount to $35,000 a month Lease payments around S15,000 a month. $15,000 a month. Aonetime new plant investment in the amount of$95.000 is expected to be incurred and paid in June. Income tax payments estimated to be around $55.000 will be due in both June and September. And finally, miscellaneous costs are estimated to be around s10,000 a month