Please show all work 4. GRAYDEN Widgets, Inc. began operations on January 1 of the current year with a $12,000 cash balance. Forty percent (40%) of sales are collected in the month of sale; 60% are collected in the month following sale. Similarly, 20% of purchases are paid in the month of purchase, and 80% are paid in the month following purchase. Additionally, operating expenses are paid in the month incurred and include monthly depreciation charges of $2,500. The following data apply to January and February:

	January	February
Sales	$35,000	$55,000
Purchases	30,000	40,000
Operating expenses	7,000	9,000

Required: Compute the following: A. January Cash Receipts: ________________ B. January Cash Disbursements: ________________ C. Ending January Cash Balance: _______________ D. February Cash Receipts: ________________ E. February Cash Disbursements: ________________ F. Ending February Cash Balance: _______________