Qu6 Not complete Budgeting Cash Flow Chapter home Marked out of 5.00 Ask your instructer Flag question The following various elements relate to Whitfield, Inc.'s cash budget for April of the current year. For each item, determine the amount of cash that Whitfield should receive or pay in April. a. At $28 each, unit sales are 5,000 and 6,000 for March and April, respectively. Total sales are typically 40% for cash and 60% on credit; 30% of credit sales are collected in the month of sale, with the balance collected in the following month Uncollectible accounts are negligible Marchsales Aprilcach sales Apricredit sales 42.000 67.200 50,400 Cash collected in April 159,600 b. Merchandise purchases were $45.000 and $78,000 for March and April, respectively. Typically, 20% of total purchases are paid for in the month of purchase with a 5% cash discount. The balance of purchases is paid for (without discount) in the following month Marchpurchases S Aprilpurchases Cash paid in April c Fixed administrative expenses, which total $11,000 per month, are paid in the month incurred Variable administrative expenses amount to 20% of total monthly sales revenue, one-half of which is paid in the month incurred, with the balance paid in the following month Apr fixed expenses Marth variable expenses April variable expenses Cash pad in April 0 d.A store asset originally costing $8,000, on which $6,000 depreciation has been taken, is sold for cash at a loss of $400 10