Show me the steps to solve Ruth is a true accountant: she not only likes knowing where every dollar is going, she is obsessed with it$.$ So she is happy to take on the Additional Funds Available$/($Needed$)$

:

Loan Balance End of Period

cash budget for this small company. She wants to go back through the fourth$-$quarter plan with a fine$-$toothed comb before working on

the following calendar year's cash budget. After reviewing many notes from the management team, she has the following information.

Addition information:

Line of credit withdrawals must be made on the first of the month in $$1,000$ increments.

$,$ Line of credit payments must be made on the last day of the month in $$1,000$ increments.

$,$ Credit line balance, September $30,$ $$2,000.$

Annual loan interest rate, $6\%,$ with monthly interest payments required.

Minimum monthly cash account balance, $$10,000.$

Cash balance, September $30,$ $$10,400.$