caleb inc is preparinf its cash budget for march. the budgeted beginning cash balance is $24,000. budgeted cash receipts total $103,000 and budgted cash disbursemnets total $96,000. the desired ending balance ks $80,000. the company can borrow up to $100,00 at any tome from a local bank with interest of 1% a month, not due til following month.

prepare compang cash budget for march. indicate what borrowing if any would be needed to attain the desired ending cash balance