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 $26,000 $ 12,000 $ 12,000 $ 50,000 x Collection on sales 38,000 43,000 83,000 164,000 Cash available for operations 64,000 55,000 95,000 214,000 X Disbursements for operations (53,000) (63,000) (40,000) (156,000) Ending cash before borrowings or replacements 11,000 0 X 0 x 0X 0 X Short-term finance: : New loans 0 x OX 0 0 x Repayments 0 0 OX 0 X Interest 0 0 0x 0 x 0 Cash balance, ending $ 0 x $ Ox $ 0 x $ OX