principal balance a paid on the list of the month at 14%. per year. The company is already Happy Company requires a minimum cash balance of $3,500. Vlen the company expects a csah deficiency, barrows the exact amount required on the first of the month Expected excuse cahia used to pay any amountad. Interest owed from the previous ont Completed the budg prelor the quarter for cash recipe and rash payment for all recept nemast Click thekson to view the completed budget information) Hapoy does not have any outstanding debo on January 1. Complete the cash budget for the first quarter for Hoppy Company. Round interest expense to the nearest whole dolar. Bogh by preparing the cash budget for January, then prepare the cash budget for February and March. Finally, prepare the totals for the quarter. Complete al answer boxes. Enter a "for any zero balances. Round all amounts entered in the cash budget to the nearest whole dolar. Enter a cash delciency andlor negative effects of hancing with a minus sign on Hoppy Company Cash Budget For the Three Months Ended March 31 February i Data Table March 34.000 15.000 Beginning cash baca Cash receipts Cash Dash payment All panses or interest Intreal expense Tetapy Ending cash balance before mancing Minimum cash balance desired Proced e ncy : : Sorrowing Principal repayments Tot www financing Ending cash balance 100 000 Happy Company Cash Budget For the Three Month Endad March 31 January February Beginning cash balance Cash regis Cavab Cachar All expenses except interest 34.000 Interest expense Totslash w ants Ending cash balance before tnancing Minimum och balance desired Produse de cancy) Financing Borrowing Prius purprint Total of trading Ending cash balance Print Dona