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You are provided with the following information taken from Wildhorse inc's March 31, 2025, balance sheet. Additional information concerning Wildhorse inc is as follows. 1.

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You are provided with the following information taken from Wildhorse inc's March 31, 2025, balance sheet. Additional information concerning Wildhorse inc is as follows. 1. Gross profit is 27% of sales. 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 $12,340 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 $12,460. 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 13% per year, and interest expense is accrued at the end of the month and paid in the following month. Pronare a rach hudeet for the month of April. Determine how much cash Wildhorse Inc must borrow, or can repay, in April. (List ite

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