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CH 14 AntiLos 4-6) Help Sun 4 275 Lorca mal restaurant in Boston Mars provided her accountant with the following summer information regarding expectations for the month of Jane The balance in accounts receivable as of Mey 3 $59,000. Budgeted cash and create to June are $145,000 and 58100, respectively Credits are made tough Visa and MasterCard and are codected rapidly Stylive percent of creat sales is collected in the month of sale, and the remainder is collected in the following month. MiBragg's cuppliers oo Dodano credit. Consequently, she pays support on meest day of the month Cash payment for June are expected to be $701000 MS Bog na line of credit that enables the restaurant to blow and on demana nowever they must be borrowed on the last day of the moon rest is ped in case on the lost day of the month Me Brago de tires to maintain a $38.000 eirth balance before the interest payment. Her annulerest rate is 10 percent Required 2.Compute the amount of funds Ms. Brage needs to borrow forne b. Determine the mount of interese pense the restaurant will report on the June proforma income stenent c. Wount the restaurant report as imeres expense on the proforma come statement Round your answers to 2 decimal places Amoubo ) 6 CM