Fiona Enterprises., anticipated sales of the months are given below: January - $25,000, February - $18,800, March - $23,700 Prepare a Cash Budget based on the information below for the months of January, February, and March. Credit sales are paid 50% the same month and 50% the following month (credit sales for December last year were $16,000) Credit purchases are 30% of sales; Credit purchases are paid full to the suppliers in the month they are incurred Wages and expenses are 20% of sales every month; paid in the month they are incurred In February, the company pays $35,000 cash for new equipment The opening cash balance is $12,000 Show total cash collections, total cash disbursements, and ending cash balance for each month (Note: All calculations must be shown for all answers to this question)