Prepare Cash Budget For Men Brewster Corporation pects the following cash rep and usements during the first quare of edule new horrowings and usements de trest payments ng inaay 1, The bed cash barance at january 1, 2014 is $72,000, we want to mantain a cash balance at the end of each Borings in multiples of $1,000 wil be made at the beginning of the month in when they are needed with ins that month so at the end of the month Prepare a cash budget for the anter ended March 2016 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) Cash receipts January February March $290,000 $310,000 $280,000 Cash disbursements 270,000 350,000 290,000 The expected cash balance at January 1, 2016, is $72,000. Brewster wants to maintain a cash balance at the end of each month of at least $70,000. Short-term borrowings at 1% interest per month will be used to accomplish this, 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. Brewster Corporation Cash Budget for the Quarter Ended March 31, 2016 January February March Beginning cash balance $ 72000 $ 0 $ 0 Cash receipts 290000 0 0 Short-term borrowings 0 0 0 Cash available $ 362000 $ 0 $ 0 Cash disbursements $ 270000 $ 0 $ 0 Interest payment 0 0 0 Total cash disbursements 270,000 0 0 Ending cash balance $ 0 $ 0 $ 0