Using the budget data, fill in the blanks on schedules and cash budget. USE AND SHOW proper formulas.

Clipboard Font Styles A1 S\&P Enterprises needs a cash budget for March. The following information is \begin{tabular}{|c|c|c|c|c|} \hline Other budgeted cash disbursements in March & & 4 & 200 & * \\ \hline Equipment purchases & $14,000 & & & \\ \hline Dividends to be paid & $2,000 & & & \\ \hline * & x & +x & +1 & \\ \hline Minimum cash balance to be maintained & $10,000 & & & \\ \hline March 1 cash balance & $11,500 & & & \\ \hline March 1 outstanding borrowings & $0 & & 2= & \\ \hline March 1 interest due & $0 & = & & \\ \hline & & & 2 & \\ \hline \multicolumn{3}{|c|}{ The company has a line of credit available to bolster the cash balance as needed. } & & \\ \hline & & & & \\ \hline \multicolumn{5}{|c|}{ When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. } \\ \hline & & & & \\ \hline \multicolumn{2}{|l|}{ Click the Schedules and Cash Budget tab to prepare the following: } & & & \\ \hline 1. Schedule of expected cash collections for March. & & & & \\ \hline \multicolumn{3}{|c|}{ 2. Schedule of expected cash disbursements for inventory purchases for March. } & & \\ \hline \multicolumn{5}{|c|}{ 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume th } \\ \hline any interest will not be paid until the following month. & & 3x3 & cos2x4 & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & 2 \\ \hline \end{tabular}