Prepare a cash budget for the month of April from the following information:

-Estimated cash balance at the end of March is $250,000

-April's depreciation is $25,000

-Taxes of the year of $50,000 will be paid in December

-Payroll for April will be $45,000

-Insurance cost for the month of April will be $5,000

-Collections of sales are as follows: 50% in the month of the sale, and 25% in each of the next two months

-Receivables balance as of the end of March is $200,000 ($150,000 relating to February, and $50,000 relating to March)

-Sales for the month of April are estimated to be $300,000

-Merchandise purchases are paid as follows: 50% in the month of the purchase and 50% in the next month

-March's purchases were $200,000, and April was $150,000