Hedge Company requires a minimum cash balance of $4,100. When the company expects a cash deficiency, it borrows the exact amount required on the first of the month. Expected excess cash is used to repay any amounts owed. Interest owed from the previous month's principal balance is paid on the first of the month at 9% per year. The company has already completed the budgeting process for the first quarter for cash receipts and cash payments for all expenses except interest. E: (Click the icon to view the completed budget information.) Hedge does not have any outstanding debt on January 1. Complete the cash budget for the first quarter for Hedge Company. Round interest expense to the nearest whole dollar - X Data table Whole dollar. Enter a cash deficiency and/or negative Begin by preparing the cash budget for January, then prepare the cash budget for February and March. Finally, prepare the totals for the quarter. (C effects of financing with a minus sign or parentheses.) Hedge Company Cash Budget For the Three Months Ended March 31 January February Hedge Company Cash Budget For the Three Months Ended March 31 January February March Total March Total Beginning cash balance $ 4,100 Beginning cash balance $ 4,100 4,100 12300 4,100 19,000 19,000 29,500 42,000 90,500 Cash receipts 29,500 42,000 90,500 Cash receipts Cash available Cash available 33600 23,100 46100 23,100 102800 Cash payments: Cash payments: All expenses except interest 37,000 38,000 38,000 34,000 109,000 All expenses except interest 37,000 34,000 109,000 ol ol Interest expense Interest expense 37,000 Total cash payments 37,000 Total cash payments Ending cash balance before financing Ending cash balance before financing (4,100) (4,100) (4,100) (4,100) Minimum cash balance desired (4,100) (4,100) (4,100) (4,100) Minimum cash balance desired Projected cash excess (deficiency) Financing: Borrowing Projected cash excess (deficiency) Financing Borrowing Principal repayments Principal repayments Total effects of financing Total effects of financing Ending cash balance Ending cash balance