Refer to your completed "Prepare a Cash and Capital Expenditures Exercise". What is the projected cash "Surplus (Shortage)" for the month ofiAugust? ($18,300)$9,200($15,600)$4,325 4 points Refer to your completed "Prepare a Cash and Capital Expenditures Exercise". What is the projected amount that the company will need to borrow from its line of credit to maintain a cash balance of $30,000 at the end of August? $18,300$48,300$30,000$68,400 Preparing a Cash Budget * The company wishes to maintain al cahh balance of at least $30,000 at the end ot each month. - The cormpamy currently Hlas a line of credit with a local bank and can draw adoitional funds frcm this me of credit as needed to maintain its deaired cash balance at the end of each month. - In lane, the company purchased new machineny to upgrade its inventory storage and delively system The capital cxpendituce for this new emachincry was 525,000 . Projections for August: The beginning cash butance for Augieut should be equal to the ending cagh balance for July. * The company abticipates Cash Receipts of $275,000 in August * The company projects to spend 5162,000 in cash for inventory purchases and 5106,500 for 58 A expenses, Cash paid for interest expense in August is projected to be $925. - The companty pians to incur a capital expenditure of 558,000 to purchase a new delivery truck in August. Hecall that the company wiohes to maintain an ending cash balance of at least 530,000