Iguana. Inc.. manufactures bamboo picture frames that sell for $30 each. Each frame requires 4 linear feel of bamboo, which costs S2.50 per root. Each frame takes approximately 30 minutes to build. and the lebor rate averages $12 per hour. Iguana has the following Inventory policies: Ending finished goods inventory should be 40 percent of next month's sales. Ending raw materials inventory should pe 30 percet of -ext month's production. Expected unit sales (frames) 'or the upcoming months follow: Variaoie manufacture cve'-ead is incurred at a rate of S0.40 pe' unit produced. Annual 'Ixed manufacturing overhead is estimated to Ee S7.80C (S650 per mo-th) for expected product o" of 3.000 units fo' the year. Selling and administrative expenses are est mated at $700 per mo"th plus $0.50 per unit sold. lgua"3. Inc.. "ad S10.9C0 casn on hand o" April 1. Of is sales. SO pe'cent is "n cash. Of the credit sales. 50 percent is collected durfng the month of the sale, and 50 perce"t Is co ected d j'"g t"e month fo owing the sale. Of 'aw materia s purchases. SO pe'cent is paid fo- during the mont- purchased a-d 20 percent Is paid in the following mont". Raw mate'ais purchases fo' March 1 totaled S2.5C0. All other operating costs a'e paid during t-e month lncu''ed. Mo"thly fixed manufacturing ove'-ead includes $160 in deprec ation. During April. Iguana plans to pay $3,100 for a piece of eq j pment. Compute the following for Igjana. Inc.. for the second cuarter {April, May. and June). Compete Iguana's budgeted income statement for quarter 2. (Round cost per unit In intermed ate calculations and final answers to 2 decimal places.) Compute the budgeted cash receipts for Iguana. (Round your answer to 2 decimal places.) Compute the EuC9eted cash payments for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places.) Prepare the cash bucket for Iguana. Assume the company can borrow in increments of S 1.000 to maintain a S10.000 minimum cash balance. (Round your answers to 2 decimal places.)