Question 5 (Preparing the cash budget / 20 marks) Star, Inc., expects to receive cash from sales of $45,000 in March. In addition, Star Inc. expects to sell property worth $3,500. Payments for materials and supplies are expected to total $10,000, direct labor payroll will be $12,500, and other expenditures are budgeted at $14,900. On March 1, the cash account balance is $1,230. Required (a) Prepare a cash budget for Star, Inc., for the month of March (12 marks) (b) Assume that Star, Inc., wanted a minimum cash balance of $15,000 and that it could borrow from the bank in multiples of $1,000 at an interest rate of 12 percent per year. What would Star's adjusted ending balance for March be? How much interest would Star owe in April assuming that the entire amount borrowed in March would be paid back? (8 marks)