Gamma Health Center provides a variety of medical services. The company is preparing can be for the upcoming quarter. The forgonsactions are expected to our te on to view the ched transactions) Prepare a combined cash buat tamara Caner for the third quarter win a colunan for each month and for the quarter wa box is not used in the tableave the box emply do not repares an interve ending chance Gammare Health Center Combined Case Budget For the Month of July through September Beginning balance of cath Plus Cashcolections Locat payment Erding cash bace before trancing More - X Cathostomers in de breedte 1.000.1155.000.000 Campaments where we were to be 10.000 1000 god. September d. The center has a polytherin a minute 22.000 The these of credit we work that allows to borrow more would not ariven more excess and to pay for standing in for Each one another persone pro months are ng balance. The rest me that the heather will pay fools incetised prime rate. However, the responding period is spected to be of the promisine of credit ending balance of the company revenge me end of the promote the shortes have to pay rest Aline of twee keer paid off on the trutday of the month As of day of the quartet Ormar Ham Center dollave a balance on sine for Pin Done Enter any number in the edit fields and then click Check Answer For the Months of July through September July ing balance of cash Sa - X More Info as Ca cin :N 5: a. Cash collections from services in July, August, and September, are projected to be $91,000. $155,000, and $127,000 respectively. b. Cash payments for the upcoming third quarter are projected to be $143,000 in July, $108,000 in August, and $134,000 in September c. The cash balance as of the first day of the third quarter is projected to be $33,000. d. The health center has a policy that it must maintain a minimum cash balance of $22,000. The health center has a line of credit with the local bank that allows it to borrow funds in months that it would not otherwise have its minimum balance. If the company has more than its minimum balance at the end of any given month, it uses the excess funds to pay off any outstanding line of credit balance. Each month, Gammaro Health Center pays interest on the prior month's line of credit ending balance. The actual interest rate that the health center will pay floats since it is tied to the prime rate. However, the interest paid during the budget period is expected to be 2% of the prior month's line of credit ending balance (if the company did not have an outstanding balance at the end of the prior month, then the health center does not have to pay any interest). All line of credit borrowings are taken or paid off on the first day of the month. As of the first day of the third quarter, Gammaro Health Center did not have a balance on its line of credit ga Print Done my number in the edit fields and then click Check Answer. Check Answer Clear All ES maining Gammaro Health Center provides a variety of medical services. The company is preparing its cash budget for the upcoming third quarter. The following transactions are expected to occur: Click the icon to view the expected transactions.) Requirement Prepare a combined cash budget for Gammaro Health Center for the third quarter, with a column for each month and for the quarter total (if a box is not used in the table leave the box empty do not enter a zero. Use parentheses or a minus sign for negative ending cash balances) Gammaro Health Center Combined Cash Budget For the Months of July through September July Beginning balance of cash Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Financing Plus: New borrowings Less: Debt repayments Less: Interest payments Ending cash balance Enter any number in the edit fields and then click Check