The Doley Company has budgeted the following for the month of December: Cash collections from customers $59000 Payments for inventory purchases Payments for operating expenses Amortization expense Dividends to be paid in December $30,000 $35,000 $4,000 $5,000 Company records show the following: Cash balance as of December 1 $7.000 Inventory on hand as of December 1 $8,000 Bank loan as of December 1 (borrowed in November) $22,000 The company borrows money as necessary to maintain a minimum $5,000 cash balance in the company's bank account at the end of each month. Interest, at a rate of 6% per annum, is paid when the loan principal payments are made. The company can borrow in any dollar amount. Required (8 marks): A Prepare a cash budget for December B. Indicate the projected December 31 balance for the bank loan