Hedge Company requires a minimum cash balance of $4,300. 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 16% 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. (Click the icon to view the combleted budaet information.) Begin by preparing the cash budget for January, then prepare the cash budget fo balances. Round all amounts entered into the cash budget to the nearest whole Data table