WORKSHOP - CASH BUDGET TO FINANCIAL STATEMENTS. Below is the 2022 second quarter cash budget for Omni company, a wholesale distributor of consumer goods. Cash budget: April May June Quarter Beginning cash balance.. $ 8,000 $ 4,000 $ 4,000 $ 8,000 Add collections from customers...... 56,000 67,200 82,800 206,000 Total cash available 64,000 71,200 86,800 214,000 Less cash disbursements: For inventory... 47,850 58,500 53,550 159,900 For expenses 13,300 15,460 18,700 47,460 For equipment.. ................ 1,500 0 1,500 Total cash disbursements... 62,650 73,960 72,250 208,860 Excess (deficiency) of cash available over disbursements 1,350* (2,760) 14,550 5,140 Financing: Borrowings.. 2,650 6,760 0 9,410 Repayments 0 0 (9,410) (9,410) Interest ($2,650 1% 3+ $6,760 1% 2)..... 0 (215) (215) Total financing.... 2,650 6,760 (9,625) (215) Ending cash balance........ $ 4,000 $ 4,000 $ 4,925 $ 4,925 Additional information: a) The sales budget was as follows: March (actuals) April May June July $50,000 60,000 72,000 90,000 48,000