The Group’s budgeted monthly sales are $3,000. In the first month, 40% of its customers pay and take the 2% discount. Th

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The Group’s budgeted monthly sales are $3,000. In the firstmonth, 40% of its customers pay and take the 2% discount. Theremaining 60% pay in the month following the sale and don't receivea discount. Group’s bad debts are very small and are excludedfrom this analysis. Purchases for next month's sales are constanteach month at $1,500. Other payments for wages, rent, and taxes areconstant at $700 per month. Construct a single month's cash budgetwith the information given. Which is the average cash gain or(loss) during a typical month for the Group?