Let me know if you have any questions.

Assume Piedmont Computer Company began January with $15,000 cash. Management forecasts the following cash receipts and payments during the period: i (Click the icon to view the information.) Read the requirements. Requirement 1. Prepare Piedmont Computer Company's cash budget for January and February, 2020. Begin by completing the January cash budget, then complete the February cash budget. (Complete all answer boxes. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency, principal repayments, and/or a net repayment on financing with a minus sign or parentheses. Assume there is no debt at the beginning of January.) Piedmont Computer Company Cash Budget i More Info X Two Months Ended February 28, 2020 January February Total Management forecasts that cash receipts from credit customers will be $48,000 in Beginning cash balance January and $51,000 in February. Projected cash payments include equipment purchases ($20,000 in January and $41,000 in February) and selling and Cash receipts administrative expenses ($2,000 each month). Cash available Piedmont Computer Company's bank requires a $26,000 minimum balance in the Cash payments: firm's checking account. At the end of any month when the account balance falls below $26,000, the bank automatically extends credit to the firm in multiples of Capital expenditures $5,000. Piedmont Computer Company borrows as little as possible and pays back Selling and administrative expenses oans each month in $1,000 increments, plus 12% interest on the entire unpaid principal. The first payment occurs one month after the loan. Interest expense Total cash payments Print Done Ending cash balance before financing Minimum cash balance desired Enter any number in the edit fields and then continue to the next question.Assume Piedmont Computer Company began January with $15,000 cash. Management forecasts the following cash receipts and payments during the period: i (Click the icon to view the information.) Read the requirements. Cash payments: Capital expenditures i More Info - X Selling and administrative expenses Interest expense Management forecasts that cash receipts from credit customers will be $48,000 in Total cash payments January and $51,000 in February. Projected cash payments include equipment Ending cash balance before financing purchases ($20,000 in January and $41,000 in February) and selling and administrative expenses ($2,000 each month). Minimum cash balance desired Piedmont Computer Company's bank requires a $26,000 minimum balance in the Projected cash excess (deficiency) firm's checking account. At the end of any month when the account balance falls Financing: below $26,000, the bank automatically extends credit to the firm in multiples of $5,000. Piedmont Computer Company borrows as little as possible and pays back Borrowing loans each month in $1,000 increments, plus 12% interest on the entire unpaid Principal repayments principal. The first payment occurs one month after the loan. Total effects of Ofinancing Print Done Ending cash balance Requirement 2. How much cash will Piedmont borrow in February if cash receipts from customers that month total $41,000 instead of $51,000? (Complete all answer boxes. Enter a "0" if no borrowings are needed.) If cash receipts are $41,000 instead of $51,000 in February, the company will borrow $ Enter any number in the edit fields and then continue to the next