Budgeting Cash Flow The followng 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 recelve or pay in April. a. At $31 each, unit sales are 5000 and 6000 for March and Apnil. 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 Merch sales Apil cash sales April crecit sales Cash collected in Apra b. Merchandise purchases were 48 000 and $81 000 f March and April respect ely Typically, 20% of total purchases are paid for n the month of purchase with a 5% cash ciscort. The balance of pu cha es s paid for without disc rt in the following month. March purchses April purchases Cash paid in Apri c. Fined administrative e penses, which total $14,000 per month a e aid in the month narred. Variable administrative expenses amount to of total monthly sales revenue, or e-half of hich is paid n the month incurred, with the balance paid in the following month. April fixed expenses Merch variable expenses Apnl Venable eKdenses Cash paid in Apri d. A store asset originally costing $11,000, on which S6,00D depreclation has been taken, is sold for cash at a loss of $400