The Micador company specializes in the manufacture of organic makeup. The shareholders have called on a marketing company to establish certain sales forecasts for the next three months. Projected sales for January, February and March 2024 were $85,000, $80,000 and $75,000. Sales are cashed 60% during the month following the sale; 25% of sales are collected in the second month and the balance is collected in the third month. December 2023 sales were $95,000 and the December 31 cash balance was $20,000. Disbursements: Monthly rent $3,500 Sales charge 10% PMT of a monthly loan $750 Loan balance as of December 31 $26,250 Dividend declared in February $10,000 Provision for obsolescence of inventory $5,000 Purchases 50% of the amount of monthly sales based on the information provided to you, prepare a cash budget for the month February 2024