recont advertising campaign. The forecast of sales and service revenue for March-June 2021 is as follows: Click the icon lo view the forecast or sales and service reveriue.) (Cick the ioon to view the collection information.) Read the requirements. Requirement 1. Calculate the cash that BreatheMart expects to collect in May and in June 2021. Show calculations for each month. month, select "O\%" in the "Collection \%" column and enter a " O " in the appropriate May or June column.) Requirements 1. Calculale the cash thal BrealheMlart expects lo collect in April, May and June 2021 from sales and service revenue. Shen calculations for each month. 2. Breatheluart has budgeted expenditures for May of $13,500 and requires a minimum cash balance of $240 at the end of each month. It has a cash balance on luay 1 of $500. a. Ghen your answer to requirement 1, will Breathellart need to borrow cash to cover its paymenls for May and maintain a minimum cash balance of 5240 al the end of May? b. Assume (independently for each situation) that (1) May tolal revenues might be 10% lower Data table or that (2) total costs might be 5% higher. Under each of those two scenarios, show the nel cash for May and the arnount EreatheMart would have to horrow to cover its cash payments for May and maintain a minimum cash balance of $240 at the end of May. (Again, assume a balance of $500 on May 1.) 3. Why do Breathelart's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? Has preparing the cash budget been helpful? Explain briefly. More info Almost all of the sales revenues of the oxygen equiprnent are credit card sales; cash sales are negligible. The credit card company deposits 97% of the revenues recorded each day into Breathekart's account ovemight. For the servicing of home oxygen equipment, 70% of oxygen services billed each month is collected in the month of the service, and 30% is collected in the month following the searvice