Qubo 58 Nu LUCKY Food Stores wishes to prepare a cash budget for the month of April, 2022. Tocal Sales for February (actual), Marchind April (estimated) are as follows: 100 Month Total Sales PF February 348.000 March 40,000 April 45,000 The total budgeted purchases (paid entirely in cash) for April is $22,000. The expenses for April are expected to be $9,500 including 51,000 for depreciation on machinery All sales are on credit, and the company's experience shows that on the averago, 80 percent of sales are collected in the month of sale, 15% on the month following sale and the balance two months after sale Prepare a cash budget to determine the cash balance for April 2022, assuming there was a cash balance of 53,000 in hand on April 1, 2022 NOTE: For your answer, just write in the Cash balance at the end of April Answer Next care