Cash Budget First Quarter January 1, 2015 to December 31, 2015 Second Third Fourth Quarter Quarter Quarter Total Cash sales and collections $118.000 $125.000 $126.000 $132.000 $501.000 Less payments: $ 67,000 Purchases $ 68,000 $ 68,000 15,000 2,200 15,500 Wages 2,200 $ 70,500 $273,500 16,000 61,500 2,200 8,800 660 2,320 7,950 33,950 15,000 2,200 660 10,500 Rent 500 Utilities 500 6,700 Other expenses 8,800 Taxes 7.500 $102.860 7.500 7,600 $ 99,900 $102,600 7.700 $105.010 30,300 $410.370 Total payments S 25.100 15.140 S 23.400 S 26.990 S 90.630 Cash gain or loss) Although carefully thought through and researched, the actual sales and expenses for Cupcakes for All came out slightly different than the projected cash budget. The following numbers were the primary culprits: Cash sales and collections for fourth quarter: $89,000 (instead of $132,000) Purchases for third quarter: $75,500 (instead of $68,000); fourth quarter: $77,000 (instead of $70,500) Other expenses for fourth quarter: $18,000 (instead of $7,950) Making these adjustments can you tell me what the ending cash gain or loss is? List the potential causes for these discrepanciesbe creative but practical and logical in your ideas. In an independent, small sole proprietorship like Cupcakes for All, which of the four primary sources of funds will most likely provide the firm's financing? During particularly problematic times like the third and primarily the fourth quarter, what short-term plan can your group devise that may get Cupcakes for All through its crisis