4 The cash budget for the first three quarters of a company is given below 1000 omitted. The company requires a minimum cash balance of at least 55.000 to start each quartet necessary the company wil borrow money from its bank to maintain this 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? Cash Budget Quarter 1000 omitted) 1 2 3 SB 2 127 ? 55 65 65 40 45 51 9 10 2 Cash balance, beginning Add collections from customers Total cash awal Less disbursemers Purchase of inventory Selling and administrave expenses Equipment purchases Dividends Total disbursements Excess deficiency of cash available over disbursements Financing Borrowings Repayments Total financing Cash balance, ending 2 2 2 ? ? 2 ? ? ? 2