Take me to the text Melanie Inc. provides you with the following budgeted information for two months in year 2019: Sales Manufacturing Costs Capital Expenditures* March April $635,000 $705,000 160,000 300,000 100,000 25,000 General and Administration Costs (including amortization) 65,000 85,000 *includes training programs, machines and buildings Expectations: Cash sales represent 5% of total sales All sales on account are collected in the following month 60% of March's $100,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. April's capital expenditure will be paid in May. Monthly amortization represents 25% of general and administration costs Manufacturing costs and general and administration costs are to be paid in the month in which they are incurred Dividends of $6,000 are expected to be declared in March and paid in April Melanie Inc. obtains the minimum financing needed to ensure at least a $6,000 cash balance at the end of the month through a bank loan. Assume that any amount taken out of the bank loan may be repaid only at year end. As of March 1 Cash $26,000 Accounts Receivable* 174,000 Inventory 110,000 Long-Term Assets 90,000 Accumulated Depreciation 4,000 Accounts Payable 15,000 Dividends Payable (in March) Notes Payable Stockholder's Equity *Comprised only of sales on account incurred in February 3,000 265,000 114,000 Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare a cash budget for March and April. Melanie Inc. Cash Budget for March and April March April Opening Cash Balance $ $ Receipts: Cash from sales $ $ Collection from customers $ $ Total cash available $ $ FA Disbursements: Manufacturing costs $ $ General and admin. costs $ $ Capital Expenditures $ $ Dividend Payment $ $ Total Cash Payments $ $ Cash Excess (Deficit) $ A Financing Requirements: Notes Payable $ $ Loan Repayment Ending Cash Balance $ A