Cash budget The following cash budget is for the third quarter of this year. Solve for the missing numbers on the cash budget, assuming that the accountant has requested a minimum cash balance of $9,800 at the start of each month. All borrowings, repayments, and investments are made in even $1,400 amounts. No borrowings or investments exist at the beginning of July. July August September Total Beginning cash balance Cash receipts $10,360 $ 22,960 0 $ 28,280 0 $ 0 0 0 Total cash available Cash disbursements $ 0 $ 0 $57,400 $108,920 Payments on account $ 0 $10,920 Wages expense 14,000 0 $15,960 $ 17,360 0 48,440 Overhead costs 11,200 12,880 0 36,400 Total disbursements $28,840 $ Cash excess (deficiency) 0 0 0 $45,640 $ 0 0 0 Minimum cash balance (9,800) (9,800) 0 0 Cash available (needed) $ Financing Borrowings (repayments) Acquire (sell) investments 0 $(12,320) $ 0 $(16,240) $5,600 $ 0 $(1,400) $ 0 0 0 Receive (pay) interest 0 (28) Ending cash balance $10,080 $ 0 $ 0 $10,332 Check