The following information applies to the questions displayed below er of bamboo, which costs $200 Iguana, Inc., manufactures bamboo picture frames that set for $25 each Each me ines d averages $11 per hour. I n has the following inventory policies Ending t he goods inventory shodbe percent of Ending w ater inventory should be s et of con tot c ome to the Expected n a mes for the coming months follow 1 .000 Vare manufacturing overhead is incurred at a rate of 1060 p roduced and managed in 200 Selling and administrative expenses are estimated at $700 per month $0.50 per un sold Iguana, Inc., had $11,100 cash on hand on April 1. Ofis , 80 percentis in cash of the credit ses 50 percentis collected during the one and of raw materials purchases, 80 percent is paid for during the month purchased and 20 percentis ad in the following month Raw materials theses for March during the month incurred. Monthly fed manufacturing overhead includes in depreciation. During Aprilgana plans to pay $3.300 for a prece of opment percent in the more flowing 2.000 Altherapeuting costs we paid Required: 1. Compute the budgeted cash receipts for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places) April May June 2nd Quarter Total Budgeted Cash Receipts 0.00 2. Compute the budgeted cash payments for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places) April May June 2nd Quarter Total Budgeted Cash Payments m cash balance. Leave ne call and enter whereverra 3. Prepare the cash budget for iguana. Assume the company can borrow in increments of $1,000 to maintain a $10.000m answers to 2 decimal places.) April May June 2nd Quarter Total Beginning Cash Balance Plus Budgeted Cash Receipts Less Budgeted Cash Payments Preliminary Cash Balance Cash forrowed / Repaid Endng Cash Bwance