SECTION F (9 MARKS) FarmBand Pte Ltd ("FarmBand) sells a special type of urban farming kit in Singapore. The following table shows some information from the Master Budget for March and April 2020. FarmBand Pte Ltd Information from Master Budget March 2020 April 2020 Forecast Sales (sets) 2,400 2,500 Selling Price per set $15 $15 No. of sets produced 2,530 Total Production Cost $25,300 Beginning Cash Balance $46,800 Cash purchase of machinery $50,000 Q19) The ending inventory at the end of each month should meet 30% of next month's forecast sales. Fill in the blanks in the following table: Information Answer Beginning Inventory in March 2020 (a) sets Ending Inventory in April 2020 (b) _ sets Production cost for 1 set of urban farming kit in April 2020 (c) $ [3 marks] Q20)FarmBand has a credit policy to collect 90% of its sales in cash and the rest in the following month. It pays off all costs incurred in the current month. (a) Calculate the ending cash balance for April 2020. Show your workings clearly. [5 marks] (b) Suggest ONE (1) way whereby FarmBand can improve its cash position for April 2020. [1 mark]