Boocan management is an essential of the financial managerYou own a small to sales business called King Kars. You stock up on inventory in February, April, June, and Sember Your annual budget indicates that your MONTHLY NET CASH for the year will be the following JAN 55.000 MAR $20.000 APRIL $35.000 JUNE $10.000 AUG $25.000 SEPT -530.000 OCT $15.000 NOV $15.000 DEC 525.000 You begin the year with a cash balance of 550,000and the minimum cash balance desired must be 550.000 every month. Prepare a cash flow summary and external financing summary as noted in the Excel spreadsheet assigned to this submission 1 Do you believe that the company needs de franang? 2 What the line of credito questo a lender? 3. Do you think you are a good candidate for the line of creat? Why? Please submit the real tempat below saved under your answeh the columns and rows completed with the cash flows. Also in this template, you must include the answers questions 2 and 3 in the assignment Boocan management is an essential of the financial managerYou own a small to sales business called King Kars. You stock up on inventory in February, April, June, and Sember Your annual budget indicates that your MONTHLY NET CASH for the year will be the following JAN 55.000 MAR $20.000 APRIL $35.000 JUNE $10.000 AUG $25.000 SEPT -530.000 OCT $15.000 NOV $15.000 DEC 525.000 You begin the year with a cash balance of 550,000and the minimum cash balance desired must be 550.000 every month. Prepare a cash flow summary and external financing summary as noted in the Excel spreadsheet assigned to this submission 1 Do you believe that the company needs de franang? 2 What the line of credito questo a lender? 3. Do you think you are a good candidate for the line of creat? Why? Please submit the real tempat below saved under your answeh the columns and rows completed with the cash flows. Also in this template, you must include the answers questions 2 and 3 in the assignment