Current Attempt in Progress You are provided with the following information taken from Sage Hill Inc's March 31, 2027, balance sheet. Additional information concerning Sage Hill Inc. is as follows. 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 $12,320 for the month of April. 6. Equipment costing $2,870 will be purchased for cash in Aprii. 7. The company wishes to maintain a minimum cash balance of $12,410. 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 15% 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 Sage Hill Inc. must borrow, or can repay, in Aprit. (Do not leave any answer field blank. Enter ofor amounts.) SAGE HILL INC. Cash Budget eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answe