EM7-35 (similar to) You recently began a job an accounting internat Regis Golf Park. Your first task was to help prepare the cash budget for April and May. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a paper copy Youran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just enough information to reconstruct the buget Click the con to view the cash budget Regis Golf Park eliminates any cash deficiency by borrowing the exact amount needed from First Street Bank, where the current interest rate is 3% per year. Regis Golf Park first pays interest on its outstanding debt at the end of each month. The company then repays all borrowed amounts at the end of the month with any excess cash above the minimum required but after paying monthly interest expenses. Regis does not have any outstanding debt on April 1. Complete the cash budget. Round interest expense to the nearest whole dollat - 0 Data Table Regis Golf Park Cash Budget Two Months Ended May 31 April May $? $ 16,800 Beginning cash balance Cash receipts Cash from sale of plant assets Cash available 83 000 2,300 0 + 114,800 41,200 45.000 2 ? 10 96,300 Cash payments Purchase of inventory Selling and administrative expenses Interest expense Total cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing Borrowing Principal repayments Total effects of financing 22.300 (20,000) (20,000) 2 Ending cash balance Print Done Complete all input fields. Enter a "0" for zero balances. Enter cash deficiencies we Regis Golf Park Cash Budget Two Months Ended May 31 April Beginning cash balance $ 16,800 Cash receipts 0 Cash from sale of plant assets Cash available 114,800 Cash payments: + Purchase of inventory Selling and administrative expenses 46,000 Interest expense 96,300 Total cash payments Ending cash balance before financing (20,000) Minimum cash balance desired Cash excess (deficiency) Financing Borrowing Principal repayments Total effects of financing Ending cash balance Enter any number in the edit fields and then click Check Answer 1 part remaining