Assume the following data for Pet Gear Company: (Click the icon to view the assumptions.) (Click the icon to view budget information.) Requirement Prepare a cash budget for April for Pet Gear. (Round your answers to the nearest whole dollar.) Begin the cash budget by calculating the cash available, then total disbursements, and finally the effects of financing and the ending cash balance. Cash Budget April 30, 20XX Cash balance, April 1, 20XX Add receipts Total cash available for needs i More Info . Pet Gear (PG) does not make any sales on credit. PG sells only to the public, and accepts cash and credit cards. Of its sales, 90% are to customers using credit cards, for which PG gets the cash right away, less a 2% transaction fee. Purchases of materials are on account. PG pays for half the purchases in the period of the purchase, and the other half in the following period. At the end of March, PG owes suppliers $8,100. During April they plan to purchase direct materials worth $17,600. PG plans to replace a machine in April at a net cash cost of $13,300. Labour, other production costs and nonproduction costs are paid in cash in the month incurred except of course, depreciation, which is not a cash flow. For April, $23,000 of the production cost and $12,500 of the nonproduction cost is depreciation. PG currently has a $2,000 loan at an annual interest rate of 24%. The interest is paid at the end of each month. If PG has more than $10,000 cash at the end of April it will pay back the loan. PG owes $5,700 in income taxes that need to be remitted in April. PG has cash of $5,300 on hand at the end of March. Print Done Data Table Revenue Budget Manufacturing Overhead Budget For the Month of April For the Month of April Units Selling price Total Revenues $ 7,300 Machine setup costs Processing costs Cat-allac 500 $ 190 $ 95,000 72,000 51,600 200 Dog-eriffic 320 225 Inspection costs $ 167,000 $ Total Total 59,100 Direct Manufacturing Labour Costs Budget For the Month of April Output units DMLH Total Hourly produced Hours Wage Rate per unit Total Nonmanufacturing Costs Budget For the Month of April Salaries $ 18,100 Other fixed costs 17,500 1,670 Sales commissions $ 37,270 Total nonmanufacturing costs Cat-allac 520 3 1,560 $ 12 $ 18,720 305 Dog-eriffic 5 1,525 18,300 12 $ 37,020 Total