from the following information, prepare a budget statement of cash flows for the month of august.

month of April Balance Sheet as at 31 March Assets Liabilities Cash at Bank 50000 Accrued wages 5000 Accounts receivable 12500 Accounts payable 23000 Inventory 29500 Loan 50000 78000 Owner's Equity Equipment 40000 Less Accum. Dep. 6000 34000 Capital 48000 $126,000 $126,000 Additional Information Cash sales for the month of April are expected to be $75,000 (plus $7,500 GST). Credit sales are expected to be $66,000 (including GST). All accounts receivable from March are expected to pay in April. 50% of purchases are made on credit. In April, total purchases are expected to be $28,000 (plus GST $2,800). All accounts payable from March will be paid in April - Depreciation expense will be $7,000 in April, Wages of $20,000 will be paid in April, along with the $5,000 wages owing from the month of March, Second-hand equipment will be purchased in the last week of April. The equipment is expected to cost $30,000 (no GST). A 25% deposit was paid in February and the balance will be paid in April. The business will pay $4,000 off the loan in April. - The owner is expected to contribute $15,000 cash in April