Clark Company budgets it's cash for two months at a time. Budgeted cash disbursements for March and April, respectively, are: for inventory, $90,000 and $82,000; for selling and administrative expenses (including $5,000 depreciation each month), $75,000 and $70,000; for equipment purchases, $15,000 and $6,000; and for dividend payments, $5,000 and $0. Budgeted cash collections from customers are $150,000 and $185,000 for March and April, respectively. The company begins March with a $10,000 cash balance. The company can borrow money at 12% pa. All borrowings occur at the beginning of the month and all repayments are at the end if they month. Interest is paid only when principal is being repaid. Required: prepare a cash budget for March and April