Use the following to answer questions 41-43: The Grainger Company’s budgeted income statement reflects the following amounts:
*Of this balance, $35,000 will be collected in January and the remaining amount will be collected in February.
The monthly expense figures include $5,000 of depreciation. The expenses are paid in the month incurred.
41. Grainger’s expected cash balance at the end of January is:
42. Grainger’s budgeted cash receipts in February are:
43. Grainger’s budgeted cash payments in February are:
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