Part E. Yucaipa, Inc. budgets the following cash receipts and cash payments for the third quarter of 2017: July August September Total Cash receipts $25,000 $24,000 S41,000 $90,000 Cash payments 28.000 30,000 31.000 89.000 Cash flow (3,000) (6,000) 10,000 1,000 The firm has $5,000 of cash on hand at the end of June, and Management budgets an ending cash balance of $5,000 at the end of each month. Yucaipa has arranged short-term borrowing from its bank as needed. The agreement requires Yucaipa to borrow in $1,000 increments at the beginning of the months needed. Interest is 6% annually Yucaipa will repay principal in thousand dollar increments plus accrued interest on all borrowings at the end of months when funds permit Required: complete Yucaipa's short-term financing budget for the third quarter by completing the following table. July August September Total Beginning cash $5,000 S5,000 Monthly cash flow (3.000) Net cash before financing 2,000 Borrowing Repayment of borrowing Interest payment Ending cash