Question 4 CORE poration, a manufacturing company, has provided the following budget data Purchases $42,000 $48,000 $36,000 $54,000 Sales $72,000 $66,000 $60,000 $78,000 $66,000 January February March April May $60,000 Collection fro customers are normally 70% in the month of sale, 20% in the month following sale, and 10% in the second month following the sale Required ril and M ay 1. Calculate the expected cash collections durin Husky pays for purchases in the month following the purchase. Cash disbursements for expenses other than my merchandise purchases are expected to be $14,400 for April & May. Husky's cash balance on April 1 was $22,000. 2. Prepare the cash budget for April & May