(Round to the nearest dollar. Please input all the values in the table before checking your answers.) The firm should establish a credi line of at least \$ but may need to secure three to four times this amount based ch scenario analysis. (Round to the nearest dollar) (Round to the nearest dollar. Please input all the values in the table before checking your answers.) NetcashflowAdd:BeginningcashMinimumcashRequiredtotalfinancing(notespayabie)MarchAprilMayExcesscashbalance(marketablesecurities) Complete the second month of the cash budget for Grenoble Enterprises below: (Round to the neare Round to the nearest dollar. Please input all the values in the table before checking your answers.) Somplete the third-month of the cash budget for Grenoble Enterprises below: (Round to the nearest dollar. ound to the nearest dollar. Please input all the values in the table before checking your answers.) Cash budget-Basic Grenoble Enterprises had sales of $49,500 in March and $60,300 in April. Forecast sales for May, June, and July are $89,700,$79,800, and $99,800, renpectively. The firm has a cash balanoe of $4,900 on May 1 and wishes to maintain a minimum cash balance of $4,900. Geven the following data, prepare and interprot a cash budget for the months of May, June, and July. (1) The firm makes 22% of sales for cash, 57% are collocted in the next month, and the remaining 21% are collocted in the second month following saie. (2) The firm recelves other income of $2,200 per month. (3) The firm's actuai or expectod purchasos, al made for cash, are $49,700,$70,100, and $79,600 for the moeths of May through July, respectively. (4) Rent is $2,900 per month. (5) Wages and salaries je 9% of the previout menth's salos. (6) Cash dividends of 52700 will be paid in June. (7) Payment of principal and interest of $4,000 is due in June. (8) A cash putchase of equipment costing $5,500 is scheduled in July. (9) Trues of $5,900 are due in June. Complefe the frat manth of the cash budget for Grenoble Enterprises below: (Round to the nearest dolar. Please input all the values in the table before checking your anewers.) (Round to the nearest dolay. Pleace input all the values in the table betore checking your answers) (Round to the nearest dollar. Please input all the values in the table before checking your answers.) The firm should establish a credi line of at least \$ but may need to secure three to four times this amount based ch scenario analysis. (Round to the nearest dollar) (Round to the nearest dollar. Please input all the values in the table before checking your answers.) NetcashflowAdd:BeginningcashMinimumcashRequiredtotalfinancing(notespayabie)MarchAprilMayExcesscashbalance(marketablesecurities) Complete the second month of the cash budget for Grenoble Enterprises below: (Round to the neare Round to the nearest dollar. Please input all the values in the table before checking your answers.) Somplete the third-month of the cash budget for Grenoble Enterprises below: (Round to the nearest dollar. ound to the nearest dollar. Please input all the values in the table before checking your answers.) Cash budget-Basic Grenoble Enterprises had sales of $49,500 in March and $60,300 in April. Forecast sales for May, June, and July are $89,700,$79,800, and $99,800, renpectively. The firm has a cash balanoe of $4,900 on May 1 and wishes to maintain a minimum cash balance of $4,900. Geven the following data, prepare and interprot a cash budget for the months of May, June, and July. (1) The firm makes 22% of sales for cash, 57% are collocted in the next month, and the remaining 21% are collocted in the second month following saie. (2) The firm recelves other income of $2,200 per month. (3) The firm's actuai or expectod purchasos, al made for cash, are $49,700,$70,100, and $79,600 for the moeths of May through July, respectively. (4) Rent is $2,900 per month. (5) Wages and salaries je 9% of the previout menth's salos. (6) Cash dividends of 52700 will be paid in June. (7) Payment of principal and interest of $4,000 is due in June. (8) A cash putchase of equipment costing $5,500 is scheduled in July. (9) Trues of $5,900 are due in June. Complefe the frat manth of the cash budget for Grenoble Enterprises below: (Round to the nearest dolar. Please input all the values in the table before checking your anewers.) (Round to the nearest dolay. Pleace input all the values in the table betore checking your answers)