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Zap Power, a family-owned battery store, began October with $11,200 cash. (Click the icon view additional information.) Requirement 1. Prepare Zap Power's cash budget for October and November. Prepare the cash budget beginning with October. (For amounts with a zero balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign when entering any deficiency.) Zap Power Cash Budget October and November October November Beginning cash balance Cash collections from customers Collection of note receivable Cash available before financing Cash payments: Purchases of inventory Operating expenses Total payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Total effect of financing . More Info Management forecasts that collections from credit customers will be $11,400 in October and $14.600 in November. The store is scheduled to receive $7,000 cash on a business note receivable in October. Projected cash payments include inventory purchases ($13,900 in October and $14,500 in November) and operating expenses ($3,200 each month). Zap Power's bank requires a $10,000 minimum balance in the store's chequing account. At the end of any month when the account balance dips below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Zap Power borrows as little as possible and pays back loans in quarterly installments of $2,000 plus 4% interest on the entire unpaid principal. The first payment occurs 3 months after the loan