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($June$,$ July, August$)$

The current month's sales are $$120,000($May$)$

Cost of goods sold equals $65\%$ of sales

Lease payment $=22,000$ per month

The company is required to pay an installment of $$120,000$ for a note $($debt$)$

The cash position at the end of the current month is $$80,000$

The target cash balance is $$50,000$

Assume that $60\%$ of sales are collected in the month sold and the remaining collected in the following month.