LUSSHY Inc. is a merchandiser that sells spa products to the hotel industry (the compa a manufacturer). Management is planning its cash needs for the manth of April. The following information has been assembled to assist in preparing a cash budget for April. 1. Budgeted monthly income statements for April and May are as follows: 2. Sales are 5% cash and 95% on account. 3. Sales on account are collected over a two-month period in the following pattern: 25% collected in the month of sale, 75% collected in the month following the sale. March sales totalled $300,000. 4. Inventory purchases are paid 35\% in the month of purchase. The remaining is paid in the following month. Accounts payable at March 31 for inventory purchases during March is $100,000. 5. At the end of each month, inventory must be on hand equal to 10% of the cost of the merchandise to be sold in the following month. The merchandise inventory at March 31 is $67,200. 6. Dividends of $125,000 will be declared and paid in April. 1. Prepare a schedule of expected cash collections from sales for April, 2. Prepare the following for merchandise inventory: 1. An inventory purchases budget for April 2. A schedule of expected cash disbursements for inventory for April. 3. Prepare a cash budget for April. Comment on the company's cash position. Is there any action that should/can be taken