29 Time 29 The beginning cash balance is $10,000. Sales are forecasted at $400,000 of which 80% will be on credit 70% percent of create expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $250,000 Accounts Receivable from previous accounting periods totalling $6,000 will be collected in the current year. The company is required to make a $10,000 loan payment and an annual interest payment on the last day of every year. The loan balance as of the beginning of the year is 560.000 and the annual interest rate is 10%. How much will be reported as 'cash on the budgeted balance sheet? OF 7 A- B 1 iii = III %