The cash budget for the first three 3. It will repay as much of its I Cash Budget ompany is given below (000 omitted). The company requires a minimum cash as soon as it has more than $5,000 in cash in a given quarter. Suppose the company starts Quarter (000 omitted) start each quarter. If necessary, the company will borrow money from its bank to maintain this balance. The company will pay no Interest In Quarters 1, 2, and with no bank debt. How much total bank debt does the company expect to have at the end of the third quarter? Cash balance. beginning Add collections from Total cash available Less disbursement Purchase of inver Selling and admin Equipment purchases Dividends Total disbursements Excess (deficiency) of cash disbursements ncing: Total cing ending Multiple Choice $43,000 $5,000 $52.000 2 3 $8 88 127 87 56 65 65 4045 52 17 22 Cash balance, beginning $8 Add collections from customers 88 127 Total cash available Less disbursements: Purchase of inventory 56 65 65 Selling and administrative expenses 40 45 52 Equipment purchases 10 Didends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments Total financing Cash balance, ending Multiple Choice $43,000 $5,000 $52000 $14.000