I am attaching the question. I am having trouble understanding accouting and would appreciate the help

You are provided with the following information taken from Langerhan Inc.'s March 31, 2014, balance sheet. Cash Accounts receivable Inventory Property, plant, and equipment, net of depreciation Accounts payable Common stock Retained earnings $ 12,040 21,504 36,886 123,226 22,892 153,677 12,228 Additional information concerning Langerhan Inc. is as follows. 1. Gross profit is 24% of sales. 2. Actual and budgeted sales data: March (actual) $47,670 April (budgeted) 3. 72,239 Cash collections expected in April are: March April $19,068 (40% of $47,670) 43,343 (60% of $72,239) $62,411 4. Half of a month's purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are: Purchas $22,8 es 92 March Purchas 28,33 es April 5 $51,2 27 5. 6. 7. Cash operating costs are anticipated to be $12,206 for the month of April. Equipment costing $2,640 will be purchased for cash in April. The company wishes to maintain a minimum cash balance of $12,949. An open line of credit is available at the bank. All borrowing is done at the beginning of the month, and all repayments are made at the end of the month. The interest rate is 14% per year, and interest expense is accrued at the end of the month and paid in the following month. Prepare a cash budget for the month of April. Determine how much cash Langerhan Inc. must borrow, or can repay, in April. LANGERHAN INC. Cash Budget For the Month Ending April 30, 2014 $ Add: Less: Add: Less: $