How did they get $19,000?$

Prepare Cash Budget For 3 Months Brewster Corporation expects the following cash receipts and disbursements during the first quarter of 201 9 (receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1, 201 9): January February March Cash rece)pts $260,000 $280,000 $250,000 Cash disbursements 240 OOO 320 OOO 260 OOO The expected cash balance at January 1, 201 9, is $42,000. Brewster wants to maintain a cash balance at the end of each month of at least $40,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1 ,000) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31, 2019. Brewster Corporation Cash Budget for the Quarter Ended March 31, 2019 January February March Be innin cash balance Cash recei ts Short-term borrowin s Cash available Cash disbursements Interest a ment Total cash disbursements Endin cash balance