Quarter 1 -11,000 Quarter 2 15,000 Quarter 3 -8.000 Quarter 4 32,000 Year 2,000 Net Cash Flow Year Annual Operating Loan Beginning cash balance + Net cash flow 5,000 Quarter 1 Quarter 2 Quarter 3 Quarter 4 5,000. 12. 12. -11,000 -15,000 -8,000 32,000 1 16. 8.000 13. 2. 7. 20. 14. 3. 1.000 1.000 1.000 + Operating loan borrowing -2,000 30,000 32,000 1.000 - Operating loan payment = Ending cash balance 32 55,000 Beginning operating loan balance 25,000 Ending operating loan balance 4 'required minimum cash balance of $1,000 25,000 23,000 55,000 15