Prepare Cash Budget for 3 Months Brewster Corporation expects the following cash receipts and disbursements during the first quarter of 2016 (receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1, 2016) January February March Cash recepts 5300.000 $320.000 200.000 Cash disbursements 200.000 60.000 100.000 Support March The expected cash balance at January 1, 2016, is $82,000. Brewster wants to maintain a cash balance at the end of each month of at least 580,000 Short-term borrowings at 14 interest per month will be used to accomplish this, if necessary. Borrowinys (in multiples of $1,000) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31, 2016, Brewster Corporation Cash Budget for the Quarter Ended March 31, 2016 January February Beginning cash balance $ 32.000 80.000 KS 80,000 Cash receipts 0 OX Short-term borrowing OM ON Cash available $ ONS OKS OX Cash disbursements ONS OKS OX interest payment O OM OX Total cash disbursements ON OM ON Ending cash balance 5 OMS OX$ S Check