E22-29 (book/static) Question Help Click the icon to vierw the completed budget informat on. Happy does not have anyouts andingt on January 1 Con et lhe ash badget fr the frst quarter tr HapCo pen Ro Ind interest xpense to lhe rea est whole dollar Begin by preparing the ash budges ar Januar then prepare he cash budget or February and Mh. Fnaly prepare r als cr the quarter. icamp e e al answer boxes Enter a or a zerz ba ances. Round al amounts entered mo the cash budget to lhe rearest wnole do ar. Enter cash Hoppy Company Cash Budgat anuary Begining cash aslance Cash noccipt Cash avaiable Cash payiments 3,500 19,000 22,500 Al expenses ecep Intaneat 34,000 Interest experse Tctal cash payments Endng cash balance before fi nancing Mirimum cash balance deaired Prajaced cash cxDass (dch diency) Financing: 34,000 13 500) Borowrg Principal repayments Tctel efrectsof inencing cash balance January February March Total Beginning cash balance Cash receipts Cash available Cash payments: 3,500 19,000 22,500 27,500 42,000 88,500 All expenses except interest 34,000 35,000 39,000 108,000 Interest expense lotal cash payments Ending cash balance before fi nancing Minimum cash balance desired Projected cash excess (defi ciency) Financing: 34,000 (3,500) (3,500) (3,500) (3,500) Borrowing Principal repayments otal effects of financing Ending cash balance