26 nces Required A Required B Required C Required D Required E Required F Required G Required H Required I Required J Thornton borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $27,000 cash cushion. Prepare a cash budget. (Any repayments should be indicated with a minus sign.) Show less A Section 1: Cash Receipts Beginning cash balance Add: Cash receipts Total cash available Section 2: Cash Payments For inventory purchases For selling and administrative expenses Purchase of store foxtures Interest expense Total budgeted disbursements Section 3: Financing Activities Cash Budget October November December 160,000 160,000 0 0 0 0 0 160,000 0 0 $ 160,000 $ 0 $ 0