P11.6 From the information following for Cato's Catering, prepare a cash budget for 6 months commencing April 1: - Assume that all sales are cash sales. - The annual interest of $1,600 on the restaurant's marketable securities will be received in July. CHAPTER 11 CASH MANAGEMENT = The time delay in paying suppliers for food and beverage purchases is two months. For example, February purchases are paid in April. - Wages are paid without any time delay. = Other expenses are paid with a one-month delay. - In May, new kitchen equipment will be purchased for $10,000. Payment for this will be made in the following month. - The restaurant's cash available on April 1 is $30,000