Use the following information to prepare the December cash budget for Zoinks! Inc. It should show expected cash receipts and cash disbursements for the month and the cash balance expected on April 30th 1. Beginning cash balance on April 1: $12,000. 2. Cash receipts from sales: 40% is collected in the month of sale, and 60% in the month after the sale Sales amounts are: March $75,000: Aprillexpected) $92,000 3. Payments on merchandise purchases: 35% in the month of purchase and 65% in the month following purchase. Purchases amounts are: March 548,000 and April $72,000 4. Budgeted cash disbursements for salaries in April: $25,000 5. Other cash expenses budgered for April $7,600 6. Accrued income taxes due in April: $2,400 7. Bank loan interest paid in April: $800