20,000 0 3.000 . 0 o Income taxes Dividends Interest on bank loan October (510,000 X 196" November ($4,365 x 1%) Purchase of equipment Total cash payments Preliminary cash balance Loan activity Additional loan from bank Repayment of loan to bank Ending cash balance Loan balance, end of month 100 0 0 43,565 $25,635 0 44 0 31,954 25,000 56,575 $43,246 $44,706 5,635 $20.000 $ 4,365 4,365 $38,881 $ 0 $44,706 $ 0 Tunded to the New Lopes For October 10,000+ 0-35,635 -4,365 Knowledge Check 01 IP Company has a beginning cash balance of $5,000; cash receipts of $20,000; cash disbursements of $15,000. IP Company's preliminary cash balance is