Develop a cash budget for the next three months using the information provided below. Monthly sales forecasts are $150,000, $180,000, and $60,000. The current months sales are $120,000 Cost of goods sold equal 65% of sales The cash position at the end of the current month is $80,000 The target cash balance is $50,000 Assume that 50% of sales are collected in the month sold and the remaining collected in the following month.