Cassie incorporated is a manufacturer of sketching pads. The following information is available from the company's budgets Manufacturing overhead includes depreciation of $12,000 per month. There is no depreciation included in the selling and administrative expenses. All expenses are poid in the month they are incurred. Cash at the beginning of the period was $20000 The company wants to maintain a minimum cash balance of $20000 There were no loans outstanding on May 1 The line of credit with the bank allows for borrowings and repayments in $1,000 increments. If the loan is paid off by the end of the quarter, there is no interest. a. Prepare the cash budget for the quarter ending June 30 . Note: Deductible values and negative values should be indicated with minus sign. b. What is the expected amount of cash to be shown on the balance sheet at the end of the quarter