Aloha Inc., a marketing research and consulting firm, is working on a cash budget for July to December 2021. The staff has projected the following cash collections and payments: Month July August September October November December Collections Cash Sales Credit Sales $10,000 $20,000 $12,000 $24,000 $14,000 $28,000 $16,000 $32,000 $20,000 $40,000 $25,000 $50,000 Payments Purchases Wages Miscellaneous Expenses $15,000 $6000 $1,500 $18,000 $7,200 $2,000 $21,000 $8,400 $2,500 $24,000 $9,600 $3,000 $30,000 $12,000 $4,000 $37,500 | $15,000 $4,500 A. If the ending cash balance as of June 30, 2021 was $10,000, determine the firm's forecasted monthly cash balance. B. The staff at Aloha Inc. wants to know how much they would need to borrow each month if the minimum ending cash balance is $30,000 and the annual interest rate is 7%