! Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Havel Company as of October 1, year 2. $ 16,000 60,000 40,000 200,000 Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals $ 76,800 72,000 100,000 50,000 17,200 $316,000 $316,000 c. Indicate whether Havel will need to borrow money during October by preparing October's Cash Budget. (Negative amounts should be indicated by a minus sign.) X Answer is not complete. $ 16,000 Cash Budget for October Beginning cash balance Add: Cash receipts Cash available 16,000 Less: Payments For inventory purchases 72,000 For S&A expenses 72,000 Total budgeted payments Cash surplus (shortage) Will Havel need to borrow money during October? $ 4,000 Yes