1 Cash Budget TrainTee Company has gathered the following information: March 31, cash balance, $26,000 Amortization expense for April, $18,000 Dividends paid in April, $7,000 Cash collections in April, $151,000 Equipment purchased for cash in April, $86,000 Cash paid for operating expenses in April, $32,000 Merchandise paid for in April, $145,000 TrainTee requires a minimum cash balance of $5,000. Required: Prepare a cash budget for April and indicate whether or not TrainTee Company meets minimum cash requirements