Black Wolf Inc. has $60,000 in the bank, $35,000 in Accounts Receivable, and has $25,000 in Accounts Payable (to be paid in April) as at March 31, 2021. Other information for April is as follow Sales are $200,000 of which 90% are on account. It expects to collect 65% of its April sales on account in the month of sale and 95% of its March receivables Purchases and labour amount to $150,000 and $30,000 respectively, 30% of the purchases are paid for in the following month and labour costs are paid for in the month incurred. Black Wolf acquired a new piece of manufacturing equipment on April 28 for $60,000 which was purchased by way of a note payable. Required: Prepare a cash budget, in good form, for April (8 marks)