Check my wor Required information [The following information applies to the questions displayed below.) The following trial balance was drawn from the records of Havel Company as of October 1, year 2. $ 16,000 60,000 40,000 200,000 Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals $ 76,800 72,000 100,000 50,000 17,200 $316,000 $316,000 c. Indicate whether Havel will need to borrow money during October by preparing October's Cash Budget (Negative amounts should be indicated by a minus sign.) Cash Budget for October Cash avaline Lost Payments rit c. Indicate whether Havel will need to borrow money during October by preparing October's Cash Budget. (Negative amounts should be indicated by a minus sign.) Cash Budget for October Cash available Less: Payments 0 Total budgeted payments Cash surplus (shortage) Will Havel need to borrow money during October? Yes