please answer this one

Cash budget-Basic Grenoble Enterprises had sales of $50.300 in March and $59,700 in April, Forecast sales for May, June, and July are $70,400. $79,500, and $99,900, respectively. The firm has a cash balance of $4,500 on May 1 and wishes to maintain a minimum cash balance of $4,500. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 16% of sales for cash, 56% are collected in the next month, and the remaining 28% are collected in the second month following sale, (2) The firm receives other income of $2,200 per month (3) The firm's actual or expected purchases, all made for cash, are $50,000, 969,500, and $80,300 for the months of May through July, respectively, (4) Rent is $2,900 per month (5) Wages and salaries are 11% of the previous month's sales. (6) Cash dividends of $3,500 will be paid in June. (7) Payment of principal and interest of $4,000 is due in June. (8) A cash purchase of equipment costing $6,200 is scheduled in July, (9) Taxes of $5,600 are due in June. May Sales $ March 50,300 $ 8,048 70,400 April 59,700 $ 9,552 $ $ Cash sales Lag 1 month 1 Lag 2 months Other income Total cash receipts $ $ $