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 maintain 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 received 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 2 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.) Cash balance, beginning Receipts: Grants Contracts Mental health income Charitable donations Cash Budget for Tri-County Social Service Agency (in thousands) Quarters I || III IV Year $ 7 $ 4 $ 4 $ 4 $ 7 60 94 240 80 44 201 410 489 360 481 560 Total cash available Less Disbursements: Salaries and benefits 366 1,808 Office expenses 94 95 82 338