As the manager of See Clearly, a company that sells sunglasses, you are required to prepare a cash budget for the month of April using the following information March $ April $ Receipts from Accounts receivable 160 000 128 000 Cash sales 32 000 25 000 Inventory purchases 48 000 40 000 Selling and administration expenses 21 500 27 500 (includes $500 depreciation expense) Dividends paid Cash sale of equipment Computer purchase for cash 11 200 5 000 12 000 300 Bank interest received The following information is also provided: purchases of inventory are all on credit and fully paid in the month after purchase Selling and administration expenses are paid in the month they occurred The beginning cash balance on 1st April $16 400 For each question below use the above information (It will be necessary for you to prepare the cash budget to be able to provide the correct solutions)