E23-5 Harrison Woods, a family-owned gardening store. began October with $7,500 cash. Management forecasts that collections from credit customers will be $9.500 in October and $13,000 in November. The store is scheduled to receive $6,000 cash on a business note receiv- able in October. Projected cash payments include inventory purchases (S11.000 in October and $14,100 in November) and operating expenses ($3,000 each month). Harrison's bank requires a $6,500 minimum balance in the store's checking account. At the end of any month when the account balance dips below $6,500, the bank automatically extends credit to the store in multiples of $1.000. Harrison's borrows as little as possible and pays back these loans in quarterly installments of $2,000. plus 4.5% interest on the entire unpaid principal. The first payment occurs three months after the loan. Required 1. Prepare the store's cash budget for October and November. 2. How much cash will Harrison's borrow in November if collections from customers that month total $9.300 instead of $13,000?