The ABC Company has an opening cash position of $250,000, the cash receipts from sale amount to $5,250,000 along with the issuance of common shares for $50,000. The ABC Company has the following costs, purchase of equipment $525,000, purchase- direct materials $275,000, purchases of direct labour $1,650,000, purchases of manufa overhead of $2,500,000 (which includes depreciation of $30,000) and Selling, General a Administrative cost of $430,000. If the company desires an ending cash balance of $30 and cost of borrowing on the line of credit is 5% what are the following amounts: 1. What is the total cash available? (2 marks) 2. What is the total of the cash payments? (4 marks) 3. What is the cash surplus? (1 mark) 4. What is the total amount borrowed on the line of credit? (1 mark) 5. 6. What is the total amount of interest on the line of credit? (1 mark) What is the ending cash balance? (1 mark)|