please complete both requirements to complete the question. amd highlight your answers

Assume the following data for Animal Gear Company Click the icon to view the assumptions) Click the icon to Vuw budget information) Requirements 1. Prepare a cash budget for Aeril for Animal Gear 2 Why do Animal Gears managers prepare a cash budget in addition to the revenue. cupenses, and operating income budget? a Requirement 1. Prepare a cash budget for April for Animal Gear Begin the cash budget by calculating the cash available, the total abursements and finally the effects of financing and the ending cash balance. Round your answers to the nearest whole dotar, Enter "O for repayment of an excess cash does not exceed $10,000 at the end of April) Cash Budget April 30 Cash balance beginning Add receipts Total cash available for needs - X More info . Animal Gear (AG) does not make any sales on credit. AG sells only to the public and accepts cash and credit cards; 90% of its sales are to customers using credit cards, for which AG gets the cash right away, less a 2% transaction fee. Purchases of materials are on account. AG pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, AG owes suppliers $8,000. During April they plan to purchase direct materials worth $20,024 AG plans to replace a machine in April at a net cash cost of $13,000. Labor, other manufacturing costs, and operating) nonmanufacturing costs are paid in cash in the month incurred except of course depreciation, which is not a cash flow. Depreciation is $25,000 of the manufacturing cost and $10,000 of the operating (nonmanufacturing) cost for April AG currently has a $2,000 loan at an annual interest rate of 12%. The interest is paid at the end of each month. If AG has more than $7,000 cash at the end of April it will pay back the loan. AG owes $5,000 in income taxes that need to be remitted in April. AG has cash of $5,900 on hand at the end of March. . Print Done Revenue Budget For the Month of April Units Selling price Total Revenues Cat-allac 530 $ 205 $ 108,650 69,750 Dog-eriffic 225 310 $ Total 178,400 Manufacturing Overhead Budget For the Month of April Machine setup costs $ 7,875 Processing costs 101,540 417 Inspection costs $ 109,832 Total Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced Hours Wage Rate per unit Total - Reference Processing costs 101,540 417 Inspection costs $ 109,832 Total Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced Hours Wage Rate Total 550 3 1,650 $ 10 $ 16,500 210 5 1,080 10 10,800 per unit Cat-allac Dog-eriffic Total $ 27,300 Operating (nonmanufacturing) Costs Budget For the Month of April Salaries $ 16,800 Other fixed costs 16,000 1,784 Sales commissions Total operating (nonmanufacturing) costs $ . 34,584