2. The following is a cash budget. Assume need a minimum cash balance of 5,000 at the start of each month. All borrowing are made in even 1,000 increments (not repayments). No borrowing or investments exist at the beginning of July. Interest is 1% per month Jul $7,500 16,500 August ? (d 20,000 September (difficult Beg Cash Balance Cash Receipts Total cash avail 40,000 Cash Disbursements 7,000 9,000 26,010 11,400 12,000 Payments-inventor Wages paid S&A payments Interest payment ? (b 10,000 8,000 Total Disbursement 20,000 Financin Cash surplus (shortage) ? (c Borrowing repayment Ending cash balance 1,000 (2,000) 5,000