Cash Budget & Short-Term Financing Presented below are partial October, November, and December cash budgets for Holidays Events. Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum end-of-month balance of $12,000. Interest is one percent simple interest (no compounding) per month, payable when the loan is repaid. Repayments are made as soon as possible, subject to the minimum end-of-month balance. Complete the short-term financing section of the cash budget and all missing figures. Use a negative sign with answers to indicate a cash disbursement or a negative ending balance. HOLIDAY EVENTS Partial Cash Budgets For the Months of October, November, and December October November December Total Cash balance, beginning $21,000 $ 12,000 $ 12,000 $ Collection on sales 33,000 Cash available for operations 54,000 38,000 50,000 78,000 90,000 45,000 x 149,000 144,000 x Disbursements for operations (48,000) Ending cash before borrowings or replacements 6,000 (58,000) (8,000) (40,000) 50,000 (146,000) 48,000 x Short-term finance: New loans 1,000 * 0 x 0 0 x Repayments 0 0 0 * 0 % Interest 0 0 0 x 0 x Cash balance, ending S 0 * $ 0 x $ 0 * $ 0 *