Jaborosa, Inc., a merchandising company, has provided the following budgeted amounts for the next budget period. Beginning cash balance $30,400 Cash collections. 680,000 Payments for: Purchases of merchandise inventory. 349,700 Selling and administrative expenses. 70,500 Capital expenditures 89,000 A minimum cash balance of $250,000 is required to be maintained. The company can borrow in increments of $10,000as and when required. Assume the company can borrow the needed funds at the end of the period.Calculate the ending cash balance for the budgete period. Answer is $251,200 ***can you please show explanation and work for this