what about the repayment?

B D E The company has an open line of credit with National Bank. The terms of the agreement require borrowing to be in the increments of $10,000, and the interest rate is 6% pa. Irrigation borrows on the first day of the month and repays on the last day of the month if possible. 2 3 January February March Total 4 Beginning balance $ 700,500.00 $ 416,793.70 $ 300,000.00 $ 1,417,293.70 5 Receipts 6 Receipts from customers $ 438,589.00 $ 450,100.00 $ 463,300.00 $ 1,351,989.00 7 Dividends $ 75,000.00 $ 75,000.00 $ 75,000.00 $ 225,000.00 8 Total receipts $ 513,589.00 $ 525,100.00 $ 538,300.00 $ 1,576,989.00 9 Total cash available $ 1,214,089.00 $ 941,893.70 $ 838,300.00 $ 2,994,282.70 10 11 Disbursements 12 payment to account payable $ 340,037.70 $430,085.22 $ 441,702.10 $ 1,211,825.02 13 payment to employee $ 282,375.00 $ 282,125.00 $ 292,250.00 S 856,750,00 14 Manufacturing overhead $ 77,017.50 $ 76,989.17 $ 78,136.67 $ 232,143.33 15 Selling and adminstrative expenses $ 107,390.00 $ 107,290.00 $ 107,990.00 $ 322,670.00 16 purchase of equipmet $ 300,000.00 $ 300,000.00 17 payment of tax $ (9,524.90) $ (9,524.90) $ (9,524.90) S (28,574.71) 18 Total disbursements $ 797,295,30 $ 1,186,964.48 S 910,553.86 $ 2,894,813.65 19 20 Excess/deficiency $ 416,793.70 $ (245,070.78) S (72,253.86) S 99,469.05 21 22 Finance 23 Borrow 0 $ S45,070.78 $ 372,253.86 $ 200,530.95 24 Repayment 25 Ending balance $ 416,793.70 $ 300,000.00 $ 300,000.00 $ 1,016,793.70 26 27 How to find the borrowing & repayment portion of the cash budget? After review of given cash budget, it is noted that entity need to maintain minimum cash balance of $ 3,00,000 and if any short of cash then short term flexible borrowing is available. It is also noted that ending balance of cash is estimated by adding receipts, borrowing with beginning balance and then reducing disbursement and borrowing repaid. So, in the january there was already cash balance above $ 3,00,000 before borrowing, which means no need to borrow. In february, there was short of $ 2,45,070.78 as disbursement is higher than cash available, even entity need to maintain minimum cash balance of $ 3,00,000 also. So total borrowing is (245070.78+300000) $ 5,45,070.78. Simultaneously, short of $ 72,253.86 in march month even balance of $ 3,00,000 to be maintained. So total borrowing will be $ 3,72,253.86 (300000+72253.86). Thanks, let me know if any query and please rate