The controller of Big River Inc. wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending May 31, 2024: April 30, 2024, cash balance Dividends were declared on April 15* Cash expenditures to be paid in May for operating expenses Depreciation expense Cash collections to be received Merchandise purchases to be paid in cash. Equipment to be purchased for cash Big River wishes to maintain a minimum cash balance of $ 98,000 28,000 75,600 9,800 182,000 114,400 42,200 38,000 "Dividends are payable to shareholders of record on declaration date, 30 days after declaration. Required: 1. Prepare a cash budget for the month ended May 31, 2024, indicating how much, if anything, Big River will need to borrow to meet its minimum cash requirement. (Leave no cells blank - be certain to enter "O" wherever required.) Big River Inc. Cash Budget for May 31, 2024 Total cash available before current financing Less disbursements: Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments Interest Total financing