Requirements 1. Prepare a cash budget for April for Animal Gear. 2. Why do Animal Gear's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? - Animal Gear (AG) does not make any sales on credit. AG sells only to the public and accepts cash and credit cards, 90% of its sales are to customers using credit cards, for which AG gets the cash right away, less a 4% Iransaction fee - Purchases of materials are on account. AG pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, AG owes suppliers $8,600. During April they plan to purchase direct materials worth $21,210 - AG plans to replace a machine in April at a net cash cost of $13,700. - Labor, other manutacturing costs, and nonmanufacturing costs are paid in cash in the month incurred except of course depreciation, which is not a cash flow. Depreciation is $23,000 of the manufacturing cost and $11,000 of the nonmanufacturing (fixed) cost for April. - AG currently has a $2,400 loan at an annual interest rate of 24%. The interest is paid at the end of each month. If AG has more than $10,000 cash at the end of April it will pay back the loan. AG owes $5,800 in income taxes that need to be remitted in April. AG has cash of $5,500 on hand at the end of March. Revenue Budget For the Month of April expenses, and operating Manufacturing Overhead Budget Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly Direct Manufacturing Labor Costs Budget expenses, and operating For the Month of ApriI inally the effects of financing " for repayment of loan if Requirement 1. Prepare a cash budget for April for Animal Gear. Begin the cash budget by calculating the cash available, then total disbursements, and finally the effects of financing and the ending cash balance. (Round your answers to the nearest whole dollar. Enter "0" for repayment of loan if excess cash does not exceed $10,000 at the end of April.)