Given the following information prepare the Combined Cash Budget for April and May.

Description	January	February	March	April	May	June	July
Cash Collected (actual cash collection	30,000	33,000	26,000	32,000	27,000	25,000	30,000
Direct Material Purchases	12,000	13,000	14,000	13,000	12,000	14,000	16,000
Salaries and Wages	12,500	12,600	12,500	12,500	12,500	12,600	12,500
All Selling Costs	300	200	200	400	200	300	100
Fixed Admin. & Equipment Costs (includes $300 in depreciation)	4,800	6,100	3,000	3,100	2,800	2,000	2,700

Disbursement Timing:

Direct Materials are paid for in the month following the purchase

Salaries and Wages are paid half in the month earned and half in the following month

All other costs are paid in the month incurred

Bank Information:

Ending Cash Balance on March 31 is $3000. The company requires a minimum cash balance of $5,000. The bank requires the company to borrow in increments of $1,000 at 12% annual interest rate. The company may borrow from this operating line at any time and pay back the balance plus interest at any time. At the current time the company has no outstanding loans. The company also has no plans to pay back any borrowings or interest until the following quarter.

Required:

Prepare the Combined Cash Budget for April and May. (Note: Show each month seperately)