Directions Complete this Cash Budget given the following rules: 1. The interest will be calculated as 11% per year. 2. The ending cash balance needs to be $15,000 after paying interest. 3. Borrowing and repaying needs to be in multiples of $1,000. CASH BUDGET OCT. Nov. Dec. Beginning Cash Balance 20,500 Add Cash Receipts 81,000 114,000 116,000 Cash Available Less Payments For Inventory Purchases 62,000 56,950 38,000 For S&A Expenses 23,000 30,100 22,200 Purchase of Store Fixtures 50,000 4,000 30,000 Total Budgeted Payments 135,000 91,050 90,200 Surplus/(Shortage) Financing Activity Borrowing Interest Expense Repayment Ending Cash balance Fill in the blanks