The following assumptions are related to the Cash Budget for Widgeting Widget must maintain a minimum $30,000 cash balance Widget must borrow/repay from the bank in increments of $5000 If they borrow money, they borrow at the END of month Further information about cash flows in the month of October Cash Available: Beginning Cash (Oct 1): 550,000 Cash Receipts in October: 5115,000 Cash Disbursements during October: o S&A expenses: $22,000 Inventory purchases: $47,000 Building Purchase: $250,000 1. How much excess or deficiency of cash will Widget have in October? (f a deficiency, please put a negative sign" in front of the answer 2. Use the same information as in Question 1 If needed, how much cash will Widget need to borrow in the month of October? (just enter the number, no number signs or commas)