Current Attempt in Progress You are provided with the following information taken from Crane Inc.'s March 31, 2025, balance sheet. Cash Accounts receivable Inventory Property, plant, and equipment, net of depreciation Accounts payable Common stock Retained earnings 2 3. Additional information concerning Crane Inc. is as follows. 4. 5. 6. 7. Gross profit is 27% of sales. Actual and budgeted sales data: March (actual) April (budgeted) March April 42,780 $46,700 $61,460 $ 11,950 21,490 36,430 121,600 71,300 22,860 Sales are both cash and credit. Cash collections expected in April are: $18,680 (40% of $46,700) (60% of $71,300) 152,400 12,600 Half of a month's purchases are paid for in the month of purchase and half in the following month. Cash disburser Purchases March $22,860 28,170 Purchases April $51,030 Cash operating costs are anticipated to be $11,840 for the month of April. Equipment costing $2,970 will be purchased for cash in April. The company wishes to maintain a minimum cash balance of $12,790. 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 Crane Inc. must borrow, or can repay, in April. (List items that increase cash balance first.)

Current Attempt in Progress You are provided with the following information taken from Crane incs March 31, 2025, balance shent. Additional information concerning Crane inc. is as follows. 1. Grossprofit is 27 s of sales: 2 3. Sales are both cash and credit. Casticollections 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 disburset 5. Cash operating costs are anticipated to be $11,B40 for the month of April. 6. Equipment costing $2,970 will be purchased for cash in Apri 7. The company wishes to maintain a minimum cash balance of $12,790. Anopen line of credit is avalable 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. Preparea cash budget for the month of April. Determine how much cash Crane inc. must borrow, or can repay, in April (List items that increase cash balance first.)