Req 1 and 2 Req 3 Prepare a cash budget for December. Indicate in the financing section any b will be needed during the month. Assume that any interest will not be paid following month. Ashton Company Cash Budget For the Month of December Beginning cash balance $ 55,400 Add collections from customers 659,500 Total cash available 714,900 Less cash disbursements: Payments to suppliers for inventory $ 275,500 Selling and administrative expenses 454,900 New web server 83,000 Dividends paid 18,500 Total cash disbursements 831,900 Excess (deficiency) of cash available over disbursements (117,000) Financing: Borrowings 137,000 Repayments Interest Total financing 137,000 Ending cash balance $ 20,000 Explanation