Moving to another question will save the response tots westion 7 Raran Company has the following information during the mouth of June 2020 Cash Balance, May 31 $22.500 Dividends paid in June 6,000 Cash paid for operating expenses in Jone 18.400 Equipment depreciation expense in June 2.250 Patent amortization expense in Jone 1.000 Cash collections on sales in June 56250 Merchandise purchases paid in June 43.100 Purchase equipment for cash in June 8.750 Sales communion (50% paid in June) 15.250 Raza Company wants to keep a minimum cash balance of $5,000 A that botom occurs at the being of the toth and repayment occur at the end of the month Monthly interest of 1' us paid in cash at the end of each month when debt is outstandine Borrowing and repay we came out in multiples of $1,000 Required: Prepare a cash budget for June For the toolbar, press ALT F10 PC) O ALT+ F30 Mac BE 2 111 I = 0