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Budgeting Cash Flow The following various elements relate to Whiteld. |nc.'s cash budget for April of the current year. For each item, determine the amount of cash that Whitfield should receive or pay in April. a. At $28 each. unit sales are 5.000 and 6,000 for March and April. respectively. Total sales are typically 40% for cash and 60% on credit; 30% of credit sales are collected in the month of sale, with the balance collected in the following month. Uncollectible accounts are negligible. Ma rch sale 5 $ Aprilcash sales Ap rilcredit sales Cash collected in April '3 b. Merchandise purchases were $45,000 and $73,000 for March and April, respectively. Typically, 20% of total purchases are paid for in the month of purchase with a 5% cash discount. The balance of purchases is paid for (without discount) in the following month. Ma rchpurchases $ Aprilpurchases Cash paid in April $ c. Fixed administrative expenses, which total $11,000 per month, are paid in the month incurred. Variable administrative expenses amount to 20% oftotal monthly sales revenue, one-half ofwhich is paid in the month incurred. with the balance paid in the following month. Pip ril fixed expenses $ March variable expenses April variable expenses Cash paid in April $ d. A store asset origina ly costing $8,000, on which $6,000 depreciation has been taken. is sold for cash at a loss of $400. $