Required 1 Required 2A Required 2B Required 3 Using the president's new assumptions in (a) above, prepare a schedule of expected cash collections for April, May, and June and for the quarter in total. Schedule of Expected Cash Collections Cash sales April May June Quarter $ 0 Sales on account: February March April May 0 0 0 0 June 0 Total cash collections $ 0 $ 0 $ 0 $ 0 Using the president's new assumptions in (b) above, prepare the following for merchandise inventory, a merchandise purchases budget for April, May, and June. Merchandise Purchases Budget Total needs April May June 0 0 0 Required inventory purchases $ 0 $ 0 $ 0 Using the president's new assumptions in (b) above, prepare the following for merchandise inventory, a schedule of expected cash disbursements for merchandise purchases for April, May, and June and for the quarter in total. Schedule of Expected Cash Disbursements for Merchandise Purchases April May June Quarter $ 0 April purchases 0 May purchases 0 June purchases 0 Total cash disbursements $ 0 $ 0 $ 0 $ 0 Using the president's new assumptions, prepare a cash budget for April, May, and June, and for the quarter in total. Note: Cash deficiency, repayments and interest should be indicated by a minus sign. Garden Sales, Incorporated Cash Budget For the Quarter Ended June 30 Beginning cash balance Add collections from customers Total cash available Less cash disbursements: Purchases for inventory Selling expenses Administrative expenses Land purchases Dividends paid April May June Quarter 0 0 0 0 Total cash disbursements 0 0 Excess (deficiency) of cash available over disbursements 0 0 29 Cinancing 29 0 0 0 0