E4-24A (book/static) Inc., is preparing its cash budget for the year ending December 31, 2017. Byer ended 2016 with cash of $65 million and managers need to keep Byer a cash balance of at least $68 million for services and products should reach $6,194 million new equipment and sell older assets for $137 million. Debt payments scheduled for 2017 will total $564 million. The company forecasts net income of $887 million for 2017 and plans to pay dividends of $325 million Collections from customers are expected to total $11,283 million during 2017, and payments for the cost of to invest $1,823 million in Requirement 1. Prepare Byer Communications' cash budget for 2017. Will the budgeted level of cash receipts leave Byer with the desired ending cash balance of $68 million, or ? If so, how much? Cash Budget Year Ended December 31, 2017 (In millions) Move your pointer over or tap on the cells with red arrows to see incorrect answers