. Prepare a cash budget for Sharpe covering the first seven months of 2014.Complete (month by month) the cash budget below: (Round to the nearest dollar.) NOVDECJANSales$220,200$176,000$90,400Cash Receipts Sales for cash (10%) $9,040First month after sales (60%) $105,600Second month after sales (30%) $66,060Total Cash Receipts $180,700Cash disbursements Raw materials $71,640Rent $9,700Other expenditures $20,300Tax prepayments $0Total Cash Disbursements $101,640Net Change in Cash Net change in cash for period $<span