The financial controller of Beautiful Furniture Manufacturers (BFM)wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending April 30, 2023:

Cash balance on March 31, 2023 50,550

Dividends to be declared on March 15, 2023* 26,000

Cash expenditures to be paid in April for operating expenses 65,100

Depreciation expense, included in operating expenses 10,100

Cash Collections to be received 255,500

Merchandise purchases to be paid in cash 180,600

Equipment to be purchased for cash 29,500

BFM policy is to maintain a minimum cash balance of 20,500

*Dividends are payable to shareholders of record on declaration date, 30 days after declaration.

Prepare a cash budget, in good form, for the month ended April 30, 2023