Wilson's Retail Company is planning a cash budget for the next three months. Estimated sales revenue is as follows:Month Sales Revenue Month Sales RevenueJanuary $ 300,000 March $ 200,000February 250,000 April 150,000All sales are on credit; 60 percent is collected during the month of sale, and 40 percent is collected during the next month. Cost of goods sold is 80 percent of sales. Payments for merchandise sold are made in the month following the month of sale. Operating expenses total $42,000 per month and are paid during the month incurred. The cash balance on February 1 is estimated to be $30,000.Prepare monthly cash budgets for February, March, and April.Use negative signs only with beginning and ending cash balances, when appropriate. Do not use negative signs with disbursement answers.Wilson's Retail CompanyCash BudgetsFebruary, March, and AprilFebruary March AprilCash balance, beginning _______ _______ _______Total Cash receipts _______ _______ _______Cash available _______ _______ _______Total disbursements _______ _______ _______Cash balance, ending _______ _______ _______