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Camella, a merchandising company has provided the following extracts from their budget for the first quarter of the forthcoming year: ulate the collections from the customers for the month of February sales 5 500,000 56001000 SRO The company collects 70% of credit sales in the same month and the balance in the next month. C 00.000 SUS.000 147.100 1577.500 QUESTION 4 Clyde, inchas cash balance of 120.000 on April. The company is now preparing the cash budget for the second quarter. Butgeted cash collections and payments are as follows Apr May ode There are no buted cap 65,000 t ures of financing transactions during the quarter. Based on the above data calculate the projected cain balance at the end of April