Question 17 Use the following information to Answer the Questions Below Our Business is preparing the Cach Budget for the upcoming Month of JUNE. Given the following 1. We Estimated that we will PRODUCE 2.000 bikes and SELL 1.000 bikes During the month The sales price per Unit is $200 Each per Unit 1 PON of All Sales are on Credit and 30% are Cash Sales 2. 20% of the Credit Sales are collected during the current month and Box are collected later Costs include: 1. Direct material - $60 per unit, Direct Labor-500 per unit 2 Sales Related Costs -$30 per unit 30% of All Variable costs we paid during the current month and 10% are paid in the Next Month Manufacturing Salaries - $9.000 per month Factory Rent Costs - 50.000 month & Machinery Depreciation $4.000 per month 7. SGA Costs - $3.000 per month 8. All Feed Costs are paid for During the month incurred We Plan To Sell Some Old Equipment and Get Cash during the Month for $11.000 The Estimated Cash Balance for hune 1st-$55.000 and the minimum Cash required - $50.000 & We can Borrow cash from the Bankata Rate of 12.00% via a line of Credit in Minimum 1.000 Increments Please Answer the Questions Below. Enter All Numbers Numbers Only with NO Commas, Decimals, Dolla Signor Other Symbols. Show a Negative Number with Parensas Follows-10-110 1.Compute the Busted Cash Receipts 2. Compute the Budpoled Arab 3.Compute the Budgeted Variable Cash Disbursements - 4. Compute thelludgeted Total Cash Disbursements - 5.Compute the Budgeted End Cash Balance Excessor (Deficiencyl, Before Any Financing for the Month- 6.Compute the TOTAL Amount of borrowing Needed, Any Make sure to Borrow enough to cover any interest Payments and the Minimum Cash Requirements and Borrowing Must be Done in 1,000 Dollar Increments. 7.Compute the cost of Interest for One Month Using the Amount Financed from Above- (OUT) of the Business, Do Not & Compute the Budgeted Net Cash Flow. IN include Financing Amounts - 9.Compute the Budgeted Net Income (Loss) for the Month, Using the Contribution Income Statement Method - 10. Compute the Dollar Enference Between the Budgeted Net Income (Loss) and Budgeted Net Cash Flow Name the one largest reason why there is a Difference between the Net Income and the Net Cash Flow for this BUDGET. Spell Correctly Using ALL CAPS with a space between words if needed