Question 3 Evan Neal operates a roller-skating center. He has just received the monthly bank statement at January 31 from Citizen National Bank, and the statement shows an ending balance of $575. Listed on the statement are an EFT rent collection of $330, a service charge of $9, two NSF checks totaling $115, and an $11 charge for printed checks. In reviewing his cash records, Neal identifi es outstanding checks totaling $606 and a January 31 deposit in transit of $1,775. During January, he recorded a $280 check for the salary of a part-time employee as $28. Neal's Cash account shows a January 31 cash balance of $1,801. How much cash does Neal actually have at January 31? Question 4 Donn Communications, Inc., is preparing its cash budget for 2012. Donn ended 2011 with cash of $88 million, and managers need to keep a cash balance of at least $79 million for operations. Collections from customers are expected to total $11,323 million during 2012, and payments for the cost of services and products should reach $6,185 million. Operating expense payments are budgeted at $2,557 million. During 2012, Donn expects to invest $1,823 million in new equipment and sell older assets for $151 million. Debt payments scheduled for 2012 will total $611 million. The company forecasts net income of $884 million for 2012 and plans to pay dividends of $316 million. Prepare Donn Communications' cash budget for 2012. Will the budgeted level of cash receipts leave Donn with the desired ending cash balance of $79 million, or will the company need additional financing? If so, how much?