Question Help E7-16 (similar to) You recently began a job as an accounting intern at Randell Golf Park. Your first task was to help prepare the cash Randell Golf Park requires a minimum cash balance of S20,000at the end of the month and eliminates any cash budget for April and May. Unfortunately, the computer with the budget file crashed, and you did not have a backup or deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 8%. Randell even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the Golf Park pays interest on its outstanding debt at the end of each month. The company also repays all borrowed budget, you have just enough information to reconstruct the budget. amounts at the end of the month, as cash becomes available. There is no loan outstanding from State Street Bank at the beginning of April. (Click the icon to view the cash budget.) Requirement 1. Complete the cash budget. (Complete all input boxes. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dolla Randell Golf Park Cash Budget April and May April Beginning cash balance 16,600 Cash collections Cash from sale of plant assets Cash available 06,700 Cash payments Purchase of inventory operating expenses 47,500 98.100 Total payments Ending cash balance before financing (20,000) Less: Minimum cash balance desired