I need help with part B (cash budget for April, I have part A included here for reference.

Young is a retailer of assorted baby products. The sales forecast for the coming months is: April May June Revenues $ 175,000 $ 200,000 $ 225,000 $ 240,000 $ 230,000 July August Young's cost of sales averages 60% of revenues. The inventory policy is to carry 30% of next month's sales needs. April 1 inventory will be as expected under the policy. Young pays for purchases 80% in the month of purchase and 20% the following month. Accounts payable on April 1 is $22,400. a. Prepare a purchases budget for April. b. Prepare a cash payments budget for April. Show transcribed image text Expert Answer superhero answered this 202 answers Was this answer helpful? BE Rate answer here. Calculating purchases Particulars April May Salles 175000 200000 Cost of Goods sold @60% | 105000 120000 Add : Ending inventory @30% 36000 Less : Beginning inventory 31500 Purchases 109500 Payment Same month @ 80% 87600 Payables 22400 Total payment 110000