B-XYZ Company manufactures and sells fertilizer products. It wants to prepare cash budget for the second quarter of the year 2020 (April, May and June). It has estimated the following information: (1) Sales (in $) Information Cash Sales Credit Sales (2) Credit sales are collected as follows: 50% in the same month of sale 30% in the month following sale March April May June 25,000 40,000 50,000 60,000 75,000 120,000 150,000 180,000 20% in the second month following sale Required: 1- Prepare the cash collection schedule (Cash and Credit) for the second quarter [Apr- June] (10.5 marks) 2- Calculate the expected cash balance at the end of April, assuming cash balance on 1st April is expected to be $ 20,000 and the expected cash expenses during April would be $24,000 and the expected cash purchases during April would be $110,000. marks) (4.5)