Tri$-$County Social Service Agency is a not$-$for$-$profit organization In the Midwest. Use the following Information to complete the cash budget for the year ending December $31.$

The Board of Trustees requires that Tri$-$County malntain a minimum cash balance of $$4.$

If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $$4$ minimum.

It is anticipated that the year will begin with an $$7$ cash balance.

Contract revenue is recelved evenly during the year.

Mental health Income is expected to grow by $$5$ in the second and third quarters; no change is expected in the fourth quarter.

Required:

$2.$ Complete the cash budget for each quarter and the year as a whole.

$3.$ Determine the amount that the agency will owe the endowment fund at year$-$end.

Complete this question by entering your answers in the tabs below.

Required $3$

Complete the cash budget for each quarter and the year as a whole. $($Cash deficiency and repayments should be indicated by a minus sign. Enter your answers in thousands.$)$

$\backslash$table$[[$Cash Budget for Tri$-$County Social Service Agency$],[($in thousands$)],[,$Quarters,Year$],[,$I,II$,$III,IV$],[$Cash balance, beginning,$$,$$$,$$$,$$$,$$