YOU MUST SHOW YOUR WORK TO EARN POINTS Develоp а cаsh budget fоr the next three mоnths using the informаtion provided below. Monthly sales forecasts are $150,000, $180,000, and $60,000 (June, July, August) The current month’s sales are $120,000 (May) Cost of goods sold equals 65% of sales Lease payment is 22,000 per month The company is required to pay an installment of $120,000 for a note in July The cash position at the end of the current month is $80,000 The target cash balance is $50,000 Assume that 60% of sales are collected in the month sold, and the remaining are collected in the following month.