Prepare a cash budget for Basic Sound. Basic Sound, Inc. Cash Budget For the Year Ending December 31, 20x3 Q1 Q2 Beginning Cash Balance 30,000 30,000 30000 al Q4 Collections from Customers 56000 1681450 2008 Disbursements 63470 229,500 Direct Materials 24400 51,400 Direct Labor 24450 34,500 Manufacturing Overhead 16243 18,488 Selling and Administrative Expenses 22,000 25,250 Interest Expense 1,000 LO00 Income Tax Expense 1.250 72% Total Disbursements 104763 13,34 Excess (deficiency) of available cash over cash disbursements -18763 69362 86087 1381748 Financing Borrowings 95963 Repayments 30,362 151401 Ending Cash Balance 30,000 30,000 13,55 153,947 385