Candice Inc. provides you with the following budgeted information for two months in year 2019: March April Sales $645,000 $685,000 Manufacturing Costs 170,000 340,000 Capital Expenditures 120,000 50,000 General and Administration Costs (including amortization) 85,000 105,000 includes training programs, machines and buildings Expectations Cash sales represent 25% of total sales All sales on account are collected in the following month 65% of March's $120,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. April's capital expenditure will be paid in May. Monthly amortization represents 15% of general and administration costs Manufacturing costs and general and administration costs are to be paid in the month in which they are incurred Dividends of $5,000 are expected to be declared in March and paid in April Candice Inc. obtains the minimum financing needed to ensure at least a $53,000 cash balance at the end of the month through a bank loan. Assume that any amount taken out of the bank loan may be repaid only at year end. As of March 1 Cash Accounts Receivable Inventory Long-Term Assets $26,000 180,000 125,000 90,000 9,000 Accounts Payable 11,000 Dividends Payable (in March) 3,000 Notes Payable 265,000 Stockholder's Equity 113,000 Comprised only of sales on account incurred in February Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare a cash budget for March and April. Candice Inc. Cash Budget for March and April March April $ $ Opening Cash Balance Receipts Cash from sales Is Collection from customers s Total cash available an UT DONC Collection from customers $ Total cash available Disbursements: Manufacturing costs General and admin. costs $ Capital Expenditures $ Dividend Payment $ Total Cash Payments $ $ Cash Excess (Deficit) $ $ Financing Requirements: Notes Payable $ $ Loan Repayment S Ending Cash Balance