Source Power, a family-owned battery store, began October with $12,000 cash. (Click the icon to view additional information.) Requirement Prepare Source Power's cash budget for October and November. .... Prepare the cash budget beginning with October. (For amounts with a zero balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign when entering any deficiency.) Source Power Cash Budget Additional information October and November October November Beginning cash balance Cash collections from customers Collection of note receivable Cash available before financing Cash payments: Purchases of inventory Management forecasts that collections from credit customers will be $11.400 in October and $14,400 in November. The store is scheduled to receive $5,000 cash on a business note receivable in October. Projected cash payments include inventory purchases ($12,400 in October and $13,100 in November) and operating expenses ($4,000 each month) Source Power's bank requires a $7,500 minimum balance in the store's chequing account. At the end of any month when the account balance dips below $7,500, the bank automatically extends credit to the store in multiples of $1,000. Source Power borrows as little as possible and pays back loans in quarterly instalments of $1,000 plus 2% interest on the entire unpaid principal. The first payment occurs three months after the loan. Operating expenses Total payments Ending cash balance before financing Minimum cash balance desired Print Done Cash excess (deficiency) Total effect of financing Ending cash balance