Ex (1) D, Company prepares the cash budget for May, given the following data: 1-Banknote 45,000 plus 2,000 interest, paid in May 2- Depreciation for May 1,500 3- Insurance policy due May 4,000 4- Cash balance at April 30 was 20,000 5-D.M Purchased for May 200,000, 30% paid in the month of purchased less discount 10%, the remainder pay in the next month 6- Notes receivables as of Mar 20,000 collected at May 7- Salaries due and pay in May 50,000 8- Other expenses for April 45,000 pay in May 9- Accrued taxes for May 7,500 payable in June 10 -Sales for May 500,000 20% collected in the month of sale, 40% in next month 40% in third month 11- A/P for May $ 45,000 due in May Required: Prepare the Cash Budget for May