Use the following information to formulate a simplified cash budget.

	DEC	JAN	FEB	MAR
Sales	50,000	50,000	50,000	75,000
Inventory Purchase	25,000	27,000	28,000	30,000
Other Cash Expenses	15,000	15,000	22,000	37,000
Rent	2,000	2,000	2,000	2,000
Depreciation	10,000	10,000	10,000	10,000
Interest Expenses	1,500	1,500	1,500	1,500
Purchases furniture (With cash)	0	0	10,000	0

Sales:                  60% of the sales are cash while the remaining 40% are credit sales. One half of the credit sales are collected in the month of sale and one half in the next month.

Purchases:          60% of the purchases are paid in the month of the purchase while 40% are paid in the next month

Other:                 Assume that other cash expenses and capital purchases are paid for during the month indicated above (for example, other cash expenses of 15,000 for December was paid in December).

Depreciation:     Depreciation of Fixed assets is Baht 10,000 per month

Interest:             Interest expense is paid quarterly in each Mar, June, Sep, and Dec

Dividends:         Cash dividends of $2,000 will be paid in Feb

Rent:                  Monthly Rent $2,000 will be paid each month

Tax:                    Taxes of $1,500 are due in Mar

Assume that the beginning cash balance of January 1 is 8,000.

Prepare a cash flow budget for the months of January – March.