5) Looking ahead, assume the following for April & May... Total expenses (including RM cash purchases) are expected to be $19,000 in April and $12,000 in May, Total expenses include $1,500 of depreciation expense cach month, while all other expenses included are paid in cash. The firm wishes to maintain a minimum cash balance of $20,000 each month in the coming year. Party Time borrows from its bank in increments of $2,500 in order to maintain its desired cash balance, and no interest is charged if a loan is repaid within one month. Calculate the ending cash balance for April and May using this information. Please show your work! May April $20,000 S14,800 $17,200 Beginning Cash Balance Cash Collections Total Cash Payments Balance before financing Amount Borrowed or Repaid Ending Cash Balance