The owner of Veritas Gifts LLC is planning expenses for the coming Spring holidays. In order to remain in good standing with the bank and communicate potential short-term loan need, the owner must provide a cash budget for the upcoming quarter to their lender. a. March sales are actual, and not in the forecast period. April - June is the forecasted period. b. July sales are available to plan for June. c. Estimated taxes due in April: $2500 d. Veritas receives credit sales 30 days after the sale e. 80% of sales are cash f. 20% of sales are credit sales g. Labor costs are 25% of sales and are paid in the month of sales h. Other variable expenses and cost of goods are 65% of sales and paid in the month after sales. i. Fixed overhead expenses are $1400 per month j. Beginning cash balance for April is $75,000 k. Minimum cash balance =$50,000. 5. If you were the owner of Veritas Gifts, based on the cash budget, what changes would you make to policies to better plan for April - June