Budgeting Cash Flow The following various elements relate to Whitfield, Inc's cash budget for April of the current year. For each item, determine the amount of cash that Whitfield should receive or pay in April. a. At 528 each, unit sales are 5,000 and 6,000 for March and April, respectively. Total sales are typically 40% for cash and 60% on credit: 30% of credit sales are collected in the month of sale, with the balance collected in the following month Uncollectible accounts are negligible Matchsales Aprikash sales Apriredt Sales Cash collected in ApS b. Merchandise purchases were 545,000 and $78,000 for March and April, respectively. Typically 20% of total purchases are paid for in the month of purchase with a 5% cash discount. The balance of purchases is paid for without discount in the following month Warthoudhuses 5 Apr purchases Cash padin ApS c. Fixed administrative expenses, which total $11,000 per month, are paid in the month incurred. Variable administrative expenses amount to 20% of total monthly sales revenue one half of which is paid in the month incurred with the balance paid in the following month 5 Abeid foued expenses March variable expenses April variatie expenses Capaid in April 0 d. A store asset originally costing $8.000, on which $6,000 depreciation has been taken, is sold for cash at a loss of 5400