8. This and the following two problems demonstrate that pro forma forecasts, cash budgets, and cash flow forecasts all yield the same esti- mated need for external financing-provided you don't make any mis- takes. For problems 8, 9, and 10, you may ignore the effect of added borrowing on interest expense. The treasurer of Pepperton, Inc., a wholesale distributor of house- hold appliances, wants to estimate his company's cash balances for the first three months of 2012. Using the information in the following chart, construct a monthly cash budget for Pepperton for January 2012 through March 2012. Does it appear from your results that the treasurer should be concerned about investing excess cash or looking for a bank loan