3. Complete the following cash budget: (Borrow and repay in increments of $1,000. Cash deficiency repayments and interest should be indicated by a minus sign.) Shilow Company Cash Budget April May June Quarter Beginning cash balance Add cash collections Total cash available Less cash disbursements 8,000 56,000 64,000 For inventory For expenses For equipment 47,850 13,300 1,500 62,650 1,350 Total cash disbursements Excess (deficiency) of caslh Financing Borrowings Repayments Interest Total financing Ending cash balance 1,350 $