1. PT Alepin is a distributor of chocolate candy from Switzerland. The company's statement of financial position for April 30, 20x1 is as follows: ASSET Cash Account receivable Supply Fixed assets - net (net depreciation) Total Assets PT ALEPIN STATEMENT OF FINANCIAL POSITION April 30 20x1 LIABILITY AND EQUITY $ 7,000 Accounts Payable 50,000 Money order 30,000 Capital stock 207,000 Retained earning $60,000 14,500 180,000 42,500 of $300,000 300,000 The company is currently in the preparation stage for making a budget for the May 20x1 period. The following data has been prepared to make the budget: a. Sales are budgeted at $200,000 for May 20X1, of which $80,000 of those sales are cash sales, with the remainder being credit sales. Half of the value of credit sales is repaid in the month of sale, while the rest is repaid in the following month. All trade receivables recorded on April 30, 20X1 will be paid off on May 20X1. b. Purchases of inventory are set at $100,000 for the month of May. All purchases are made on credit. Payment for the purchase of this inventory is 40% made in the month of purchase. While the rest is done in the following month. All accounts payable dated April 30 to vendors will be paid in May. c. The inventory balance at May 31 is estimated at $40,000. d. Selling and administrative expenses for the month of May are budgeted at $90,000 (excluding depreciation expense). These costs will be paid in cash. Depreciation expense is budgeted at $2,000 for May. e. The note payable on April 30 will be repaid in May, with an interest charge of $100. f. The company will purchase the new machine for $6,000 in cash in May. g. The company will borrow $20,000 from the bank by issuing a note payable to the bank for that amount. This note payable will mature in the next year. Requested: 1) Make a Cash Budget for May 20X1! (10) 2) PT Alepin does not make minimum cash provisions in making its cash budget. Will this have an impact on the company's cash planning and management in the future? Explain