6:55 PM Wed Jun 17 25% + myasm.ca Prof. Ray Lid's first quarter info below: Time loft 2:21:57 Not yet answered Marted out of 4.00 P Flag Inventory Sales Purchases January $120,000 $60.000 February 100,000 78.000 March 130,000 90.000 Collections from Prof. Ray Lid. customers are normally 60% in the month of sale, 30% in the month following sale, and 8% in the second month following sale. The balance is uncollectible. The Company takes full advantage of the 3% discount allowed on purchases paid for by the end of the following month. The company expects sales in April of $150,000 and inventory purchases of $100,000. Operating expenses for the month of April are expected to be $38,000, of which $15,000 is salaries and $8,000 is depreciation. The remaining operating expenses are variable with respect to the amount of sales in dollars. Those operating expenses requiring a cash outlay are paid for during the month incurred. The company's cash balance on March 1 was $43,000, and on April 1 was $35.000 What would be the expected cash collections from customers during April? What would be the expected cash disbursements during April for inventory purchases? What would be the expected cash disbursements during April for operating expenses ? What would be the expected cash balance on April 30