St Gemaine Hearn Center provides a variety of medical services. The company is preparing to cash budget for the upcoming third quarter. The following transactions are expected to occur Click the icon to view the expected transactions Requirement Prepare a combined cash budget for St Germaine Health Center for the third quarter, with a column for each month and for the quarter total of an out fold is not used in the table leave the input fold emptyd Drentheses or a minus sign for negative ending cash balances More Info St Germaine Health Center Combined Cash Budget For the Months of July through September July Beginning balance of cash Plus: Cush collections Total cash available Less: Cash payments Ending cash balance before fnancing Financing Plus: New borrowings Les Dutt repaymes Cos Interest payments Ending cash balance a. Cash collections from services in July August, and September, are projected to be 595,000 5153,000 and 5121,000 respectively b. Cuth paymenila for the upcoming third quarter are projected to be $142,000 in Juy, 8100,000 in August, and $135,000 in September c. The cash balance as of the first day of the third quarter is projected to be $30,000. d. The health center ham a polley that it must maintain a minimum cash balance of $25,000 The health center has a line of credit with the local bank that allows to borrow funds in months that it would not otherwise have its minimum balance. If the company has more than its minimum balance at the end of any given month, it uses the excess funds to pay off any outstanding line of credit balance. Each month, St. Garmine Health Center pays interest on the prior montiis ine of credit ending balance. The actu interest rate that the health center will pay floats since it is tied to the prima rate. However, the interest paid during the budget period is expected to be 1% of the price month's line of credt ending balance of the company did not have an outstanding balance at the end of the prior month, then the health center does not have to pay any interest) All line of credit borrowings are taken or paid off on the first day of the month. As of the first day of the third quarter, St Germaine Health Center did not have a balance on its line of credit Print Done