4 A cash budget for the first three quarters of Brister Incorporated is given below 1000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter if necessary, the company wil borrow money from its bank to maintain the balance. The company will pay no interest in Quarters 1, 2 and 3. It will repay as much of its borrowings as possible as soon as it has more than $5.000 in cash in a given quarter Suppose the company starts the first quarter with no bank debt. How much total bank debt does the company expect to have at the end of the third quarter? 0525 Cash Budget Quarter 1000 omitted) 1 2 3 $9 2 88 129 89 7 ? 54 65 64 45 39 52 11 10 Cash balance, beginning Add collections from customers Total cash available Less disbursements Purchase of inventory Selling and administrative expenses Equipment purchases Dividends Tot disbursements Excess deficiency of cash available over disbursements Francing Borrowings Repayments Total financing Cash balance ending 9 2 2 2 ? 7 2