Prepare Cash Budget For 3 Months Windsor 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) Categ January February March 40000 50000 60000 Cadbursement 000 0000 400,000 The expected cash balance at January 1, 2016, is $135,000 Windsor wares to maintain a cash balance at the end of each month of at least $120,000. Short-term borrowings at 1% interest per month will be used to accomplish thes, if necessary Borrowings (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 WindsorCorporation Cash Budget Quarter Ended March 31, 2016 January February March Cach Short term wings 0 4 Challe " 08 74 Cain da 06 11 9 05 Ending on bane Check