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The monthly cash budgets for the second quarter of 2019 follow (5000 omitted) for Forest Hills Mfg.Co. A minimum cash balance of $19,000 is required

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The monthly cash budgets for the second quarter of 2019 follow (5000 omitted) for Forest Hills Mfg.Co. A minimum cash balance of $19,000 is required to start each month, and a $50,000 line of credit has been arranged with a local bank at a 11% interest rate. Required: Calculate the missing amounts. (Hint: The total cash available includes collections from customers for all three months, plus the beginning cash balance from April 1, 2019.) (Enter your answers in thousands rounded to 2 decimal places. (le, 20,550 should be entered as 20.55). Use 360 days a year for calculations.) May June April $ 25.00 Total $ 25 00 $ 107.00 $ 93.00 $ 156.00 $ 33700 61.00 $ 48.00 $ Cath balance, beginning Add collections from customers Total cash available Less disbursements: Purchase of inventory Operating expenses Capital additions Payment of dividends Total disbursements Excess (deficiency) of cash available over disbursements Borrowing Repayments including interest) Cash balance, ending $ 29.00 32.00 $ $ 9.00 $ 43.00 $ 8.00 84.00 $ 304.00 $ 107.00 $ $ (20.00) $ 7200 $ 19.00 $ 31.93

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