\begin{tabular}{|c|c|} \hline & January \\ \hline Beginning cash balance & 3,500 \\ \hline Cash receipts & 19,000 \\ \hline Cash available & 22,500 \\ \hline Cash payments: & \\ \hline All expenses except interest & 34,000 \\ \hline Interest expense & 0 \\ \hline Total cash payments & 34,000 \\ \hline Ending cash balance before fi nancing & \\ \hline Minimum cash balance desired & (3,500) \\ \hline Projected cash excess (defi ciency) & \\ \hline Financing: & \\ \hline Borrowing & \\ \hline Principal repayments & \\ \hline Total effects of financing & \\ \hline Ending cash balance & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline & January \\ \hline Beginning cash balance & 3,500 \\ \hline Cash receipts & 19,000 \\ \hline Cash available & 22,500 \\ \hline Cash payments: & \\ \hline All expenses except interest & 34,000 \\ \hline Interest expense & 0 \\ \hline Total cash payments & 34,000 \\ \hline Ending cash balance before fi nancing & \\ \hline Minimum cash balance desired & (3,500) \\ \hline Projected cash excess (defi ciency) & \\ \hline Financing: & \\ \hline Borrowing & \\ \hline Principal repayments & \\ \hline Total effects of financing & \\ \hline Ending cash balance & \\ \hline \end{tabular}