The city of Charleston had the following sales of water for the selected months of 2016: All sales arc on credit. Historically, 50 percent is collected in the month of sale, 35 percent during the first month following the sale, and 15 percent in the second month following the sale. Cost of water averages 75 percent of sales. Water is purchased in the month of sale. All purchases are paid during the month following the purchase. Operating costs of $10,000 are paid each month. The April I cash balance is expected to be the minimum balance of $5,000. Money can be borrowed from a local bank in increments of $1,000. (Do not include interest charges in your budget.) Required: Prepare a cash budget for April and May