4 Hampton Incorporated is preparing its cash budget for July, August, and September. The desired ending cash balance is $65,000. The company can borrow up to $110,000 at any time from a local bank. If excess cash is available, use it to pay down any borrowings. Ignore interest for this problem. The cash balance on July 1 is $23,000. Sales (all cash) Merchandise purchases Payroll Lease payments Advertising Depreciation Required: show your work July August September $214,000 $185,000 $183,000 110,000 80,000 85,000 20,000 20,000 20,000 25,000 25,000 25,000 40,000 30,000 35,000 15,000 15,000 15,000 20 points Prepare the company's cash budget for July, August and September in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance