please solve all parts.

Assume the following data for Pet Luggage Company: (Click the icon to view the assumptions.) (Click the icon to view budget information) Requirements 1. Prepare a cash budget for April for Pet Luggage. 2. Why do Pet Luggage's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? More info balance. (Round your Pet Luggage (PL) does not make any sales on credit. PL sells only to the public and accepts cash and credit cards; 90% of its sales are to customers using credit cards, for which PL gets the cash right away, less a 4% transaction for Purchases of materials are on account. PL pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March. PL. owes suppliers $8,200. During April they plan to purchase direct materials worth $12,310. PL plans to replace a machine in April at a net cash cost of $13,900 Labor, other manufacturing costs, and nonmanufacturing costs are paid in cash in the month incurred except of course depreciation, which is not a cash flow. Depreciation is $24,000 of the manufacturing cost and $12,000 of the nonmanufacturing (fixed) cost for April PL currently has a $2,300 loan at an annual interest rate of 12%. The interest is paid at the end of each month. I PL has more than $10,000 cash at the end of April it will pay back the loan. PL owes $5,500 in income taxes that need to be remitted in April PL has cash of $5,800 on hand at the end of March, Print Done x 1 Reference Revenue Budget For the Month of April Units Selling price Total Revenues 500 $ 215 $ 107,500 215 320 68,800 $ 176,300 Cat-allac Dog-eriffic Total Manufacturing Overhead Budget For the Month of April Machine setup costs $ 8,900 Processing costs 42,001 448 Inspection costs $ 51,348 Total Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly neodunod nor unit Uaune MASA Dota Tatal Print Done Reference wowy wew Inspection costs 448 $ Total 51,348 Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced per unit Hours Wage Rate Total 3 1,560 $ 10 $ 15,600 200 1,000 10 10,000 $ 25,600 Cat-allac 520 Dog-eriffic 5 Total Nonmanufacturing Costs Budget For the Month of April Salaries $ 18,700 Other fixed costs Sales commissions 17,000 1,763 $ 37,463 Total nonmanufacturing costs Print Done