Armand Company has prepared the following schedules and additional information (Clek the icon to view the cash receipts schedule) (Click the icon to view the cash payments schedule) (Click the icon to view the additional information) Complete a cash budget for Armand Company for January. February and March. (Complefe all input fields Enter a "O* for any zero balances Round all amcunts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Interest expense Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance Cash Receipts from Customers Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April \$. 1,110 More info Armand's beginning cash balance is $5,500 and Armand desires to maintain a minimum ending cash balance of $5,500. Armand borrows cash as needed at the beginning of each month in increments of $1,000 and repays the amounts borrowed in increments of $1,000 at the beginning of months when excess cash is available. The interest rate on amounts borrowed is 14% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month