Honest Joe has a dairy and wants to expand and needs a bank loan to do this. The bank requires that he submit an acceptable three month cash budget for January through March. Honest Joe has prepared the cash receipts and cash payments for the three months are given below. Cash at the beginning of January is $108,000, and the minimum desired cash balance is $103.000. Prepare a schedule of monthly cash budget with borrowings and repayments for January, February and March (40 marks) January February March $515,600 550,800 591,200 Total cash receipts -524,300 549,000 -568,500 Total cash payments 1-1 Z A- A -3 2 B- 8 -3 E F