Problem 7-27A (continued) 3. Cash budget: April May June Quarter Beginning cash balance........." $ 8,000 * $ 4,350 $ 4,590 $ 8,000 Add collections from 206,00 customers..... 56,000* 67,200 82,800 0 214,00 Total cash available. .. 64,000* 71,550 87,390 0 Less cash disbursements: For inventory. 47,850 * 58,500 53,550 159,900 For expenses... 13,300 * 15,460 18,700 47,460 For equipment. ....... 1,500 * 0 0 1,500 Total cash 208,86 disbursements......... 62,650 * 73,960 72,250 0 Excess (deficiency) of cash available over disbursements......... 1,350 * (2,410) 15,140 5,140 Financing: Borrowings.... 3,000 7,000 0 10,000 Repayments .... . . . .. 0 0 (10,000) (10,000) Interest ($3,000 x 1% X 3 + $7,000 X 1% X 2)...... . ..H. 0 0 (230) (230) Total financing..........". 3,000 7,000 (10,230) (230) Ending cash balance. . $ 4,350 $ 4,590 $ 4,910 $ 4,910 * Given