Q3. Sparks Corporation has a cash balance of $18,000 on April 1. The company must maintain a minimum cash balance of $45,000. During April, expected cash receipts are $120,000. Cash company borrow during April? (15 points) Beginning cash balance Add cash receipts (all sales are for cash) Total cash available Less cash disbursements Excess (deficiency) of cash available over disbursements Financing Ending cash balance