Q2 Ace Co manufactures car component parts. Prepare a Combined Cash Budget for the fourth quarter, considering the data and info below: Cash collections in October, November and December are expected to be $90,000, $150,000 and $95,000 respectively. Cash payments for Q4 are projected to be $138,000 in October, $112,000 in November and $60,000 in December. On October 1, the cash balance is expected to be $25,000. Ace Co must have a minimum cash balance of $25,000. In months when cash is below this level, Ace can borrow money at an interest rate of 1% PER MONTH. Ace pays back borrowed money on the last day of the month after it is borrowed (if there are excess funds, over $25,000). Funds are borrowed/repaid in increments of $1000