Current Attempt in Progress

You are provided with the following information taken from Pharoah Inc.$\text{'}$s March $31,2025,$ balance sheet.

Additional information concerning Pharoah Inc. is as follaws.

Gross profit is $25\%$ of sales.

Actual and budgeted sales data:

Sales are both cash and credit. Cash collections expected in April are:

Half of a month's purchases are paid for in the month of purchase and half in the following month Cash disbursements expected in April are

Purchases March

Purchases April

Cash operating costs are anticipated to be $$11,870$ for the month of April.

Equipment costing $$2,880$ will be purchased for cash in April.

Prepare a cash budget for the month of April. Determine how much cash Pharoah Inc. must borrow, or can repay, in April. $($List items that incredse cash bolance first.$)$