K You recently began a job as an accounting intern at Ralph Adventures. Your first task was to help prepare the cash budget for February and March Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard copy You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just information to reconstruct the budget. (Click the icon to view information on borrowing cash) Requirements Complete the following cash budget (For amounts with a $0 balance, make sure to enter "0" in the appropriate input field Enter cash deficiencies with a minus sign or parentheses Enter the net t effects of financing with is minus sign when the amount is a net outflow Round interest expense to the nearest whole dollar) Beginning cash-balance Plus Cash collections Ralph Adventures Combined Cash Budget February and March February $ 16,400 Pus Cash from sale of plant assets 0 Total cash available- $ 100,500 Less Cash payments (purchase inventory) 47,600 Less Cash payments (operating expenses) $ 98,300 Total cash payments (1) Ending cash balance before financing Minimum cash balance desired 23.000 CORDO $ Total cash available 106,500 Less Cash payments (purchase inventory) 47,600 Less Capayments (operating expenses) $ 98,300 Total cash payments (1)Ending cash balance before financing Minimum cash balance desired 23,000 Cash excess (deficiency)- Financing Plus: New borrowings Less: Debt repayments Less Interest payments (2) Total effects of financing Ending cash balance (1) (2) Total cash a Less Cash p Less Ca Totat cash p (1) Ending c Minimum ca More info Ralph Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 8% Ralph Adventures pays interest on its outstanding debt at the end of each month The company also repays all borrowed amounts at the end of the month as cash becomes available: - X Cou eab dget Incomplete budget Beginning cash balance Plus: Cash collections Plus: Cash from sale of plant assets mation dget sign Total cash available S 16,400 $? 2 79,600 0 1,800 106,500 $2 Less: Cash payments (purchase inventory) $75 41,400 47,600 ? Less: Cash payments (operating expenses) $ 98,300 Total cash payments (1) Ending cash balance before financing $? $ 25,400 se inve 23,000 23,000 Minimum cash balance desired $? $2 ing exp ore finan Fed Cash excess (deficiency) Financing Plus: New borrowings Less: Debt repayments nts (2) Less: Interest payments (2) Total effects of financing Ending cash balance (1)+(2) Print Done Typ $? $ 2 ?? S? $? $? 84F Part