Apted fixed asset acquisitions peration for contingency. The cash balance at the beginning of 20X4 is $50,000. Projected Heruare cash budgets for 20X4-20X6 and advise the owners. The Mummarized the strategic pats budotis as follow Theeyed income tax payments Fynd changes in current accounts: The owners have invested $600,000 in the motel and would like a 10 percent return if pashket. They would like 5 percent of projected sales for the following year in the motel 20x4 $1.500,000 900,000 200,000 300,000 20,000 80,000 Cash Management 577 Problem 14 rating expenses Cred chances tax provision 2035 $1.000.000 950,000 200,000 300,000 40,000 110,000 2016 $1.700.000 1,000,000 200,000 300.000 50.000 120,000 Dewan $ -0- $ 10,000 $ 30,000 ach year are as follows Accounts receivable Inventory Accounts payable +30,000 +5,000 +5,000 $ 200,000 +50,000 +5,000 +5,000 $ 150,000 +80,000 +5,000 +5,000 $ 200,000 sales for 20X7 are $1,800,000 Required: Ig nore the 5% contingency but DO Nkitu give them their 10% Retuin