A company has the following budgeted sales data: 40% of credit sales are collected in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. Budgeted cash receipts for April would be $350,000 $320,000 $383,000 $313,000 Which of the following items is included in the operating budgets but not in the cash budget? sales cash borrowed (repaid) depreciation expense raw material purchases