I feel confused about this question.

budgeted cash balance on february zo: P9-62A Combined cash budget and a budgeted balance sheet (Learning Objective 3) Hugo Medical Supply has applied for a loan. Pacific Commerce Bank has requested a budgeted balance sheet as of April 30 and a combined cash budget for April. As Hugo Medical Supply's controller, you have remaining 30%, half will be collected in April and half in May. i. April cash collections on March sales, $29,100 j. April cash payments of March 31 liabilities incurred for March purchases of inventory, $17,300 k. March 31 inventory balance, $29,200 1. April purchases of inventory, $10,700 for cash and $36,300 on credit. Half of the credit purchases will be paid in April and half in May. Requirements 1. Prepare the budgeted balance sheet for Hugo Medical Supply at April 30. Show separate computations for cash, inventory, and owners' equity balances. 2. Prepare the combined cash budget for April. 3. Suppose Hugo Medical Supply has become aware of more efficient (and more expensive) equipment than it budgeted for purchase in April. What is the total amount of cash available for equipment purchases in April, before financing, if the minimum desired ending cash balance is $14,000? (For this requirement, disregard the $42,400 initially budgeted for equipment purchases.)_ _1___1' ______' J. ___ ______ __" 4. Before granting a loan to Hugo Medical Supply, Pacic Commerce Bank asks for a sensitivity analysis assuming that April sales are only $60,000 rather than the $90,000 originally budgeted. (While the cost of goods sold will change, assume that purchases, depreciation, and the other operating expenses will remain the same as in the earlier requirements.) > a. Prepare a revised budgeted balance sheet for Hugo Medical Supply, showing separate computations for cash, inventory, and owners' equity balances. b. Suppose Hugo Medical Supply has a minimum desired cash balance of $25,000. Will the company need to borrow cash in April