Assume you have received the following partially completed cash budget for The Good Company. It is noted that the company has a beginning cash balance in January of $15,000, however, a minimum balance of $25,000 will be used from that point forward. The firm is able to access short-term borrowing at 12% per annum (or 1% per month) to be paid monthly. The interest on any short-term borrowing is paid in the month after it is incurred.

THE GOOD COMPANY
CASH BUDGET Jan - Apr 2020
	January	February	March	April
	$	$	$	$
Total cash receipts	49,800	42,550	51,400	47,600
Total Cash Disbursement	43,145	47,320	41,500	43,110
Net change in cash for the period
Plus Beginning cash balance
Less: Interest on short-term borrowing
Ending Cash balance before short-term borrowing
New financing needed
Ending cash balance
Cumulative Borrowing

Required: Complete the table showing the Cash Budget for the period January thru April