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Hew Seveda Sub 4 Los Braggowns a small restaurant in Boston Millegg provided her account with the following tummy Wormon regarding expectations for the month of June. The balance in accounts receivable of May is $50,000 Budged cash and credit sales for une are 545.000 and 5581000, respectively Credit sales are made through Visa and MasterCard and are collected rapidly Siaty tve percent of credits collected in the month of sale, and the remainder is collected in the following month Ms. Brogg's wores do not extend credit. Consequently, she pays supplers on the last day of the month Cash payments for une are expected to be $701000 MB hos a line of credit that enables the restaurant to borrow funds on demand however, they must be borrowed on the day of the monterest is paid in can also on the last day of the month Ming desires to maintain a $35.000 ch bwance before the interest payment. Her annumere rates 10 percent Required Compute me amount of funds Ms Bragg needs to bontow for June b. Determine the amount of interest expense the restaurant will report on me June proforma income statement c. What amount will the restaurant report as interest expense on the ruly pro forma come tent Round your answers to 2 decimal places) 00 Amesto bowed Internal in po