what is the repayments and intrest for june and quater?

polpose of the foen is to assiat the company in acquing inventcries. Decaune the company has had some dificuty in paying of ts loans in the past, the losn olficer has asked for a cash budget to help determine whether the koan theuld be made. The foliowing dota are ovalabie for the mpriths Aprl through June, during which the isan will be used. S14 A. 800 will be collected during April and 519.840 will be collected during Moy. The remainder will be uncollectible. D. Phat experlence shows that 30s of a monthis sales are collected th the month of sale, 60H in the month following sale, and and in the secend monht folowing sale. The other 2% a bed detis that tere never collected. Eudgeted sales and expenses for the threemonth period follow: c. Meschandise purchases are paid in fall during the month folowing purchase. Accounts peyoble for merchandse purchases during March, which will be paid in Apri, total 5160 s.50 a. in preparing the cash budget assume that the 559.000 loon will be mode in Apil and regaid in done interest on the loan will total 51240 Required: 1. Calculate the expected cash colections for Apil, Moy, and June, and for the three monchs in total. 2. Prepare a cash budget, by month and in botal, for the thres-month petiod. Anawer is not cemplete. Complete this question by enteriog your anewers in the tabs below. Frroure a cash budpet, by month and in total, for the three-month period. (Cash cefoencs, repaymeoks and interest should be indicalnd by a mines son