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Use the Following Information to Answer the Questions Below The JWOL Corp is preparing their Cash Budget for the Upcoming Month of JUNE. Given the Following; 1. The Corp Estimated that they will PRODUCE 1,000 Bikes and SELL 800 Bikes During the month. 2. The Sales price per Unit is $150 Each per Unit 1.80% of All Sales are on Credit and 20% are Cash Sales. 2.25% of the Credit Sales are collected during the current month and 75% are collected later. 3. Costs Include; 1. Direct material = $20 per unit, Direct Labor=$50 per unit 2. Sales Related Costs =$40 per unit 3.75% of All Variable Costs are paid during the current month and 25% are paid in the Next Month. 4. Manufacturing Salaries = $7,000 per month 5. Factory Rent Costs = $6,000 month. 6. Machinery Depreciation= $5,000 per month 7. SGA Costs = $3,000 per month 8. All Fixed Costs are paid for During the month incurred 4. The Corp Plans To Purchase some new Equipment with Cash during the Month for $11,000. 5. The Estimated Cash Balance for June 1st =$44,000 and the minimum Cash required = $40,000. 6. The Corp can Borrow cash from the Bank at a Rate of 6% via a Line of Credit in 1,000 Increments. Please Answer the Questions Below. Enter All Numbers as Numbers Only with NO Commas, Decimals, Dollar Signs or Other Symbols. Show a Negative Number with Parens as Follows = -10 = (10) 9.Compute the Budgeted Net Income (Loss) for the Month, Using the Contribution Income Statement Method. = 11000 10.Compute the Dollar Difference Between the Budgeted Net Income (Loss) and Budgeted Net Cash Flow. = 80500 Name the one largest reason Why there is a Difference between the Net Income and the Net Cash Flow. Spell the words out in small letter no capitals with a space between words if needed. = accounts receivable

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