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Use the following information to prepare a cash budget for the month ended on March 31 for Sosa Company. The budget should show expected cash

Use the following information to prepare a cash budget for the month ended on March 31 for Sosa Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.

Beginning cash balance on March 2, $82,000

Cash receipts from sales, $300,000

Budgeted cash disbursements for inventory purchases, $120,000

Budgeted cash disbursements for salaries, $80,000

Other budgeted cash expenses, $55,000

Cash repayment of bank loan, $30,000

Cash Budget

March

Beginning Cash Balance

Add Cash Receipts

Total Cash Available

Less Inventory Purchases

Less Salaries

Less Other Cash Expenses

Cash surplus/shortage

Borrowing (Repayment)

Ending Cash Balance

What is the total ending cash balance?

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