question is

Refer to your completed "Prepare a Cash and Capital Expenditures Exercise". What is the projected cash "Surplus (Shortage)" for the month of August? Refer to your completed "Prepare a Cash and Capital Expenditures Exercise". What is the projected cash "Surplus (Shortage)" for the month of August?

($18,300)

$9,200

($15,600)

$4,325

***info provided

Projections for August: The beginning cash balance for August should be equal to the ending cash balance for July. The company anticipates Cash Receipts of $275,000 in August. The company projects to spend $162,000 in cash for Inventory purchases and $106,500 for S&A expenses. Cash paid for interest expense in August is projected to be $925. The company plans to incur a capital expenditure of $58,000 to purchase a new delivery truck in August. Recall that the company wishes to maintain an ending cash balance of at least $30,000.

\begin{tabular}{|l|c|c|c|c|} \hline & & & & \\ \hline Section 3: Financing & & & & \\ \hline Surplus (Shortage) & $31,370 & $(30,350) & $34,125 & \\ \hline Borrowing-Line of Credit & 0 & 60,350 & 0 & \\ \hline Ending Cash Balance & $31,370 & $30,000 & $34,125 & \\ \hline \end{tabular}