The ABC Corporations budgeted monthly sales are$4000.In the first month 40%of it

The ABC Corporations budgeted monthly sales are$4000.In the first month 40%of its customers pay andtake the 3% discount. The remaining 60% pay in the month followingthe sale and dont receive a discount.ABCs bad debts are very small and are excluded from thisanalysis.Purchases for next months sales are constant each month at$2000. Other payments for wages rent and taxes are constant at$500 per month.Construct a single months cash budget with the informationgiven. What is the average cash gain or (loss) during a typicalmonth for theABC Corporation?