following cash budget. (For amounts with a $0 balance, make sure to enter "0" in the appropriate input field. Enter cash deficiencies More info Backyard Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 6%. Backyard Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available. Print Done payments (purchase inventory) 47.600 ork Question 8, Part 1 of 2 recently began a job as an accounting inter at Backyard Adventures. Your first task was to help prepare the cash budget for February and March Unfortunately, the computer with the budget crashed, and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, may ugh information to reconstruct the budget. Click the icon to view information on borrowing cash.) quirements mplete the following cash budget. (For amounts with a $0 balance, make sure to enter "0" in the appropriate input field. Enter cash deficiencies with a minus sign or parentheses Ether effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar) eginning cash balance Plus: Cash collections Backyard Adventures Combined Cash Budget February and March February $ 16,500 Plus: Cash from sale of plant assets 0 Total cash available $ 107,100 Less: Cash payments (purchase inventory) 47,600 Less: Cash payments (operating expenses) $ 98,400 Trash payments Check Less: Cash payments (purchase inventory) Less: Cash payments (operating expenses) Total cash payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing: Plus: New borrowings Less: Debt repayments Less: Interest payments (2) Total effects of financing Ending cash balance (1) + (2) 47,600 98,400 25,000