Fortner Manufacturing has a cash balance of $8,000 on August 1 of the current year. The company's controller forecast the following cash receipts and cash disbursements for the upcoming two months of activity: Cash Receipts $ 52,000 71,00 Cash Payments $62,eee 63, eee August September Management desires to maintain a minimum cash balance of $8,000 at all times. If necessary, additional financing can be obtained in $1,000 multiples at a 12% Interest rate. All borrowings are made at the beginning of the month, debt retirement, on the other hand, occurs at the end of the month. Interest is paid at the time of repaying loan principal and is computed on the portion of debt repald. Required: A. Determine the ending cash balance in August both before and after any necessary financing or debt retirement. B. Determine the ending cash balance in September both before and after any necessary financing or debt retirement. Complete this question by entering your answers in the tabs below. Required A Required B Determine the ending cash balance in September both before and after any necessary financing or debt retirement. (Cash outflows should be indicated with minus sign.) $ Beginning cash balance Add: Cash receipts Subtotal Less: Cash payments Cash balance before financing/retirement Financing: Principal repayment Interest payment Ending cash balance 8.000 71.000 79.000 63.000 16.000 (8,000) 8.000