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