Cou! Hopoy Company requires a minimum cash balance of 53,500. When the company expects a cash deficiency, it borrows the exact amount required on the first of the a month. Expected excess cash is used to repay any amounts owed. Interest owed from the previous month's principal balance is paid on the first of the month at 14% per year. The company has already completed the budgeting process for the first quarter for cash receipts and cash payments for all expenses except interest Click the icon to www the completed budget information) Hoppy does not have any outstanding debt on January 1 Complete the cash budget for the first quarter for Hoppy Compary. Round interest expense to the nearest Whole dollar erk elp Test Begin by preparing the cath budget for January, then prepare the cash budget for February and March. Finally, prepare the totals for the quarter. (Complete all Input finde entier auf for any zero blancos Round al amounts entered into the cash budget to the nearest whole dollar Enter a cash deficiency and/or negative offects of financing with a mission or parentes) Hoppy Company Cash Budget For the Three Months Ended March 31 month. Expected excess cash is used to repay per year. The company has already completed the budgeting process for the first quarter for ca: (Click the icon to view the completed budget information.) Hoppy does not have any outstanding debt on January 1. Complete the cash budget for the first whole dollar TUPPY wompany Cash Budget For the Three Months Ended March 31 January $ 3,500 19,000 Beginning cash balance Cash receipts Cash available 22,500 Cash payments: All expenses except interest Interest expense Total cash payments 34,000 0 34,000 Help me solve this Etext pages Get more help pur Hoppy Company requires a minimum cash balance of $3,500. When the company expects ac month. Expected excess cash is used to repay any amounts owed. Interest owed from the pre per year. The company has already completed the budgeting process for the first quarter for ca (Click the icon to view the completed budget information.) Hoppy does not have any outstanding debt on January 1. Complete the cash budget for the firs whole dollar. . U Interest expense est 34,000 (3,500) Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (defidciency) Financing Borrowing Principal repayments Total effects of financing Ending cash balance Help me solve this Etext pages Get more help