Assume the following data for Pet Gear Company: i (Click the icon to view the assumptions.) Requirement (Click the icon to view budget information.) Prepare a cash budget for April for Pet Gear. (Round your answers to the nearest whole dollar.) Begin the cash budget by calculating the total cash available, then total disbursements, and finally the effects of financing and the ending cash balance. (Round amounts to the nearest whole dollar.) Cash balance, April 1 Add receipts Cash Budget April 30 Total cash available for needs Assumptions 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 $8,000. PG plans to replace a machine in April at a net cash cost of $13,500. 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 $11,500 of the nonproduction cost is depreciation. PG currently has a $3,200 loan at an annual interest rate of 18%. 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 $5,600 in income taxes that need to be remitted in April. PG has cash of $5,400 on hand at the end of March. Budget information Print Done Revenue Budget For the Month of April Manufacturing Overhead Budget For the Month of April Units Selling price Total Revenues Cat-allac Dog-eriffic 490 $ 200 $ 320 225 98,000 72,000 Machine setup costs Processing costs $ 7,300 51,300 800 Inspection costs $ 170,000 $ 59,400 Total Total Direct Manufacturing Labour Costs Budget For the Month of April Nonmanufacturing Costs Budget Cat-allac Output units produced 510 DMLH Total per unit Hours 3 Hourly Wage Rate 1,530 $ For the Month of April Total Salaries $ 18,900 12 $ 18,360 Other fixed costs 18,100 Dog-eriffic 305 5 1,525 12 18,300 Sales commissions 1,700 $ 36,660 $ 38,700 Total Total nonmanufacturing costs Print Done