You are provided with the following information taken from Sunland Inc's March 31, 2025, balance sheet. Cash Accounts receivable Inventory Property, plant, and equipment, net of depreciation Accounts payable Common stock Retained earnings 1. 2. 3. Gross profit is 26% of sales. Actual and budgeted sales data: March (actual) April (budgeted) $47,000 $18.900 $ 12,330 Additional information concerning Sunland Inc. is as follows. 73,100 20,370 36,900 120,500 22,640 153,800 12,460 Sales are both cash and credit. Cash collections expected in April are: 140% $47.0001

1. Gross profit is 26% of sales. 2. Actual and budgeted sales data: 3. Sales are both cash and credit. Cash collections expected in April are: 4. Half of a month's purchases are paid for in the month of purchase and half in the following month. Cash disbursements expecte 5. Cash operating costs are anticipated to be $11,510 for the month of April, 5. Cash operating costs are anticipated to be $11,510 for the month of April. 6. Equipment costing $2,650 will be purchased for cash in April. 7. The company wishes to maintain a minimum cash balance of $12,970. An open line of credit is available at the bank. All borrowing is done at the beginning of the month, and all repayments are made at the end of the month. The interest rate is 14% per year, and interest expense is accrued at the end of the month and paid in the following month. Prepare a cash budget for the month of April. Determine how much cash Sunland inc. must borrow, or can repay, in April. (List items that increase cash balonce first.) You are provided with the following information taken from Sunland Inc.'s March 31, 2025, balance sheet. Additional information concerning Sunland Inc. is as follows. 1. Gross profit is 26% of sales. 2. Actual and budgeted sales data: 3. Sales are both cash and credit. Cash collections expected in April are