P23-4B Refer to Problem 23-3B. Before granting a loan to Frank's Used Cars. Bank of America asks for a sensitivity analysis assuming April sales are only $60.000 rather than the $90.000 originally budgeted. (While the cost of goods sold will change, assume that pur- chases, depreciation, and the other operating expenses will remain the same as in Problem 23-3B.) Required 1. Prepare a revised budgeted balance sheet for Frank's Used Cars, showing separate com- putations for cash, inventory, and owners' equity balances. 2. Suppose Frank's has a minimum desired cash balance of $23.000. Will the company need to borrow cash in April? 3. In this sensitivity analysis, sales declined by 33% ($30,000+ $90,000). Is the decline in expenses and income more or less than 33%? Explain why