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) January February March Cash recons $490,000 $500,000 $40,000 Cash disbursements 450,000 $80.0000000 The expected cash balance at january 1, 2016, is $135,000. Windsor wants 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 this if necessary. Borrowings on 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 for the Quarter Ended March 31, 2016 January February March Begring cash balance ONS Cash rompts Ox DX Short term borreeings OM Cash available " ONE OXS Cashisbursements " OMS OXI interest payment 00 G falal cash disbursements ON ON Ending cash balance GMS Check