Excel Online Structured Activity: Cash Bodgeting Dorothy Koehl recently leased space in the Southside Mail and opened a new business, Koehil's Doll Shop. Eusiness has been good, but Koehl frequently runs out of cash. This has necessitated late payment on certain orders, which is beginning to cause a probleen with suppliers. Koehl plans to borrow from the bank to have cash resdy as needed, but first she neeos a forecast of just how much she must borrow, Accordingly, she has asked you to grepare a cash budget for the critical perlod around Christmas, when needs will be especially high. Sales are made on a cash basis only. Koehi's purchases must be paid for during the following month. Koehl pays hersel a salary of $5,000 per month, and the rent is $2,800 per month. In addition, she must make a tax payment of 111,000 in December, The current cash on hand (on December 1 ) is $350, but Koeht has agreed to maintain an average bank balance of $6,500 - this is her target cash balance. (Disregard the amount in the cash registec, which is insignificant because Koeht keeps only a small amount on hand in order to lessen the chances of robbery, ) The estimated sales and purchases tor December, Janusry, and February are shown below. Purctases during November amounted to stoo,000, The data has been collected in the Micoson cxcel oriine nie below. Ooen the spreadsheet and perform the requived analysis to answer the autstian beiom. Open spreadthet n. Prepare a caen budget tor Decembec, January, and February Use a minus sign te enter negative values for net cash fows, cumbiative NCr values, and loans needed, if any If the answer is zero, enter "0\%, Do not round intermediate calculations. Round your aniwers to the nearect doller. a. Prepare a cash budget for December, January, and February. Use a minus sign to enter negative values for net cash flows, cumulative NCF values, and loans needed, if any. the answer is zero, enter " 0, Do not round intermediate calculations, Round your answers to the nearest dollar. Collections and Purchases: 6. Suppose Knehl starts selling on a credt bask on December 1, giving customers so days to pay. All cumtomers accept these terms, and all other fact in the problem are unchanged. What would the company's loan requirements be at the end of December in this case? (Hinc: The calculations required to answer this question are minimal.) Use a minut Nign to enter a negative value for loan requirements. Do not round intermediate calculations. Round your answer to the nearest dollar