For each of the following indicate yes if the Item is an Important budgeting guideline or no If It Is not. 1. Employees impacted by a budget should be consulted when it is prepared. 2. Goals in a budget should be set low so targets can always be reached. 3. Budgetary goals should be attainable. Yes 4. Budgets should understate budgeted sales and overstate budgeted expenses. 5. Budgets should encourage employees to spend budgeted amounts on unnecessary items.Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $38,800. Cash receipts are expected to be $653,000 and cash payments for purchases are expected to be $614,500. Other cash expenses expected are $28,200 selling and $34,700 general and administrative. The company desires a minimum cash balance at the end of each month of $26,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during April Is: Multiple Choice O $103,300. O $77.300. O $14.400. O SO O $11.600