Budget #4 First Store Cash Budget For the quarter ending June 30. 2020 A ril Ma June uarter Total Cash balance, beginning Total Cash receipts (see budget #2) Total Cash disbursements (see Budget #3) Excess(deficienq') cash available over disbursements Short-Tenn Financing: New Loans Repayments Interest Cash balance, ending Budget #5 First Store Budgeted Income Statement For the quarter ending June 30. 2020 A ril Ma June uarter Total Sales Cost ol Sales Gross Prot Expenses: Wages and salaries expense Depreciation expense Utilities expense Rent Expense Insurance Expense Interest expense Total Expenses Net income Budget #6 First Store Budgeted Balance Sheet .June 30. 2020 Assets Liabilities Cash Accounts payable Accounts receivable Dividends payable Inventory Loan payable Prepaid Insurance Interest payable Net Fixtures Total Liabilities mockholders' Equity Common Stock Retained Earnings Total Assets Total liabilities and Stockholders' equity '3. What it the company is able to decrease the annual interest rate on loans to 10%. Which budgets will change and what will be the new budgeted interest expense for the quarter ending June 30, 2020? You should only have to change the annual interest rate on this worksheet and all the appropriate budgets will change on the solution worksheet if you have set up your cell references correctly. Please make sure you return the annual interest rate back to the original percentage betore you submit your solution