Harvest Oaks Furniture, Inc. manufactures wooden dining chairs that sell for S100 each. The company is preparing its second quarter budget. The following information has been assembled. Use the information in A-C to answer Part 1 A. Estimated unit sales for the next several months: Month April Units 25,000 30,000 2,.000 20,000 24,000 July August 20% of sales are for cash at the time of sale. The remaining 80% of sales are on account. These sales account are usually collected in the following pattern: B. 35% 45% 15% 5% in the month of sale in the month following sale in the second month following sale uncollectible C. Sales for February totaled 32,000 units and sales for March totaled 27,000 units Use the information in D-F to answer Part 2. DO NOT USE THE NUMBERS YOU COMPUTED IN PART 1. ASSUME THE FOLLOWING INFORMATION INSTEAD D. Assume that Harvest Oaks has correctly computed its expected cash receipts and disbursements, and correctly entered them into the cash budget in Part 2. E. Harvest Oaks'beginning balance of cash on April 1 is $450,000 F. Harvest Oaks wants to maintain a minimum cash balance of $400,000. The company has an agreement with a local bank that allows the company to borrovw month. The interest rate on these loans is 1% per month simple interest (i.e., not compounded). The company would, as far as it is able, repay any loans plus accumulated interest at the end of the quarter money in any increment at the beginning of each