Scenario 2 (10 marksl: The following is a budget prepared by Tony's Tree Service for the 3 months ending 30 April. February March April $ S S Inflows $40,320 Fees Received 48,000 36,000 Outflows Wages Office Expenses Equipment Expenses Motor Vehicle Expenses Advertising 12,500 2,200 10,000 $10,200 $1,872 $1,664 $4,784 1,800 2,600 1,600 5,200 3,600 3,600 4,600 2,800 $2,912 $3,120 Other 3,000 Total Outflows $24,552 29,700 23,800 Net Inflow (0utflow) $18,300 $12,200 $15,768 The following assumptions luse the April figures) are used to prepare the May budget Fees received are expected to fall by 5 % Wages will fall by 2 % All other expenses will fall by 10 % . Required: a. Complete a budget for May. Show all of your working in the calculation. Round your answer to the nearest whole number (9 marks) Calculations May Inflows Fees Received Outflows Wages Office Expenses Equipment Expenses Motor Vehicle Expenses Advertising Other Total Outflows Net Inftow [Outflowl b. Determining the closing cesh projection for May when the opening cach balance for May is $66,268. Show your working in the enswer (1 mark)