$-$ Engel Startup $-$ Budgeted Sales $($units$)-$ January $10,000$; February $15,000$; March $23,000-$ Price $-\backslash (\backslash$$ $15\backslash )-$ Cash collection rate $\backslash (-60\backslash \%\backslash )$ in month of sale; other $\backslash (40\backslash \%\backslash )$ is put on receivable and collected in following month $-$ Starting finished goods inventory $-0-$ Starting raw materials inventory $-0-$ Starting cash $($January $1)-\backslash$$$150,000-2$ feet of fabric needed per finished good $-$ Fabric is purchased at $\backslash (\backslash$$ $10\backslash )$ per foot $-$ Desired ending finished goods inventory $-\backslash (10\backslash \%\backslash )$ of following months sales $($assume $0$ for end of March$)-$ Desired ending raw materials inventory $-\backslash (10\backslash \%\backslash )$ of raw materials needed for the following months desired finished goods production $($assume $0$ for end of March$)-$ Cash disbursement rate $-\backslash (50\backslash \%\backslash )$ in month of raw material purchase; other $\backslash (50\backslash \%\backslash )$ on credit and paid in the following month $-18.$ What would be the cash balance at the end of February? $-1$ page $-$ describe process to calculate the cash balance and the results that you develop. $-$ Due $-$ Friday Aprill $25,$ post to Canvas by $11$:$59$ PM