Assume the following data for Pet Transport Company: (Click the icon to view the assumptions.) m(Click the icon to view budget information.) Requirements 1. Prepare a cash budget for April for Pet Transport. Why do Pet Transport's managers prepare a Requirement 1. Prepare a cash budget for April for Pet Transport. Begin the cash budget by calculating the cash available, then total disbursements, and finally the effects of financing and the ending cash balance. (Round your answers to the nearest whole dollar. Enter "O" for repayment of loan if excess cash does not exceed $10,000 at the end of April.) Cash Budget April 30 Cash balance, beginning Add receipts Total cash available for needs Cancel Reference Revenue Budget For the Month of April Units Selling price Total Revenues Cat-allac 530 $205 $108,650 Dog-eriffic 265 310 82,150 Total $190,800 Manufacturing Overhead Budget For the Month of April Machine setup costs $8,715 Processing costs 103,000 Inspection costs 465 Total $112,180 Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced per unit Hours Wage Rate Total Reference Assur Cancel Orci Processing costs 103,000 m (CI Requ 465 Inspection costs Total $112,180 1. Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly Requ produced Hours Total per unit Wage Rate ts of Begir finan repay $10 Cat-allac 550 3 1,650 $16,500 Dog-eriffic 250 5 1,250 10 12,500 $29,000 Total Nonmanufacturing Costs Budget ash For the Month of April dre Salaries $18,300 Other fixed costs 18,000 Sales commissions 1,908 tal Total nonmanufacturing costs $38,208 1. Prepare a cash budget for April for Pet Transport. 2. Why do Pet Transport's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget