Case A: Pharma Drug Store, owned by Jane Smith, a local pharmacist. Pharma business has been good, but Ms. Smith finds that she frequently runs out of cash To date, she has dealt with this cash shortfall by delaying payment to the drug suppliers, which is starting to cause problems. Instead of delaying payment. Ms. Smith has decided to borrow from the bank to have cash ready when needed. To have an estimate of how much she must borrow over the next three months, she must prepare a cash budget. All of Pharma's sales are made on a cash basis, but drug purchases must be paid for during the following month Ms. Smith pays herself a salary of $4.800 per month, the rent on her store is $2.000 per month, and a 512.000 payment for taxes is due in December, on December 1, there is $400 cash on hand, but Ms. Smith wants to maintain a target cash balance of 56.000. Pharma's estimated sales are $160,000 for December. 540.000 for January, and 560.000 for February. Estimated drug purchases are $140,000 for November, $40,000 for December. 540.000 for January and $40,000 for February a. Prepare a cash budget for December, January, and February Please, place all information on the attached template. Your instructor will not grade the assignment if students fail to use the attached table. Cash Hudget template.docx A Case B. On a typical day, Park Place Clinic writes 51000 in checks. it generally takes four days for those checks to clear Each day the clinic typically receives $1000 in checks that take three days to clear, a. What is the clinic's average net float Cash Budget for December, January, and February December January February Sales Purchases Total Collections Total Purchases Wages and Salaries Rent 7 Taxes Total Payments Net Cash Gain (+) or Loss (-) Cash at the Beginning with no Borrowing Cash at the End with no Borrowing Target Cash Balance Cumulative Surplus Cash (1) Loan Balance