one question

Cash Budget Desired Ending Cash Balance Interest on Line of Credit $ 100,000 1%/month Jan Feb Mar Cash Receipts Beginning Cash Balance Add Cash Receipts Total Cash Available Cash Payments $ S 110,000 380,000 490,000 s (232,200) (57,900) For Inventory Purchases For S&A Expenses For Interest To Purchase Equipment Total Budgeted Payments Financing Activities Surplus (Shortage) Borrowing (Repayment) Ending Cash Balance (150,000) (440,100) $ 49,900