8. You recently began a job as an accounting intern at Randell Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just enough information to reconstruct the budget. (Click the icon to view information on borrowing cash.) Requirements Complete the following cash budget(For amounts with a so balance, make sure to enter "0" in the appropriate cell. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.) Randell Adventures Combined Cash Budget February and March March February 16,200 L $ Beginning cash balance Plus: Cash collections Plus: Cash from sale of plant assets 80,000 2.300 106,400 $ 41,300 Total cash available Less Cash payments (purchase inventory) Less Cash payments (operating expenses) Total cash payments (1) Ending cash balance before financing 47,300 98,100 $ 26.100 23,000 Minimum cash balance desired 23.000 Cash excess (deficiency) Financing Plus: New borrowings Less: Debt repayments Less: Interest payments (2) Total effects of financing Ending cash balance (1) + (2) 1: More Info Randell Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 7% Randell Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available. 2: Incomplete budget Randell Adventures Cash Budget February and March February $ 16,200 Beginning cash balance Plus: Cash collections March $? 80,000 2,300 0 Plus: Cash from sale of plant assets $ 106,400 $? Total cash available Less: Cash payments (purchase inventory) 41,300 $? S 47,300 Less: Cash payments (operating expenses) 98,100 Total cash payments (1) Ending cash balance before financing Minimum cash balance desired $?$ 23,000 $? 26,100 23,000 S? S Cash excess (deficiency) Financing: Plus: New borrowings Less: Debt repayments Less: Interest payments (2) Total effects of financing S? Ending cash balance (1) + (2)