Company B is preparing its cash budget for the month of January. The budgeted beginning cash balance is $20,000. Budgeted cash receipts total $111,000 and budgeted cash disbursements total $92,000. The desired ending cash balance is $55,000. The company can borrow up to a maximum of $80,000 at any time from a local bank, with interest not due until the following month. The company just paid off its last notes payable in December.

Complete the company's cash budget below:

Company B

Cash Budget

For the Month of January

Beginning cash balance

?

Total Collections (Receipts) from sales

?

Total cash available

?

Total cash disbursements (payments)

?

Cash Surplus (Deficit)

?

Financing:

Borrowingnote

?

Repaymentsnote

?

Interest

?

Total financing

?

Ending cash balance (desired)

?