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 $112,000 35,000 79,100 11,200 189,000 117,900 44,300 52,000 *Dividends are payable to shareholders of record on declaration date, 30 days after declaration. Required: Big River wishes to maintain a minimum cash balance of 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: 0 Total cash available before current financing Less disbursements: 0 Total disbursements 0 Excess (deficiency) of cash available over disbursements $ 0 Financing: Borrowings Repayments Interest Total financing 0 2. Supposing the cash management policy at Big River permits borrowing up to $52,000 for the purpose of financial slack, how much will be borrowed? Borrowings