You recently been a job as accounting item Randel Aventures Your Serttask was to help prepare pe cand budget for Fetty and Mich nortunately, the computer with the budget hie crashed, and you did not have a backup or a hard cocyYou on a program to go ata from the budget Ahurating the flowing for in the budget you may have stroom in the bloot View Requirements Co the finansieret de hele wa mtu mwingine wan amounts on the who Cash Budget February and March March February $ 16,400 Beginning cash balance $? Plus: Cash collections ? 79,600 2,200 0 Plus: Cash from sale of plant assets $ 106,800 $ ? Total cash available Less: Cash payments (purchase inventory) Less: Cash payments (operating expenses) $ ? $ 47,300 41,500 ? $ 97,900 $ ? Total cash payments (1) Ending cash balance before financing $ ? $ 23,000 26,800 23,000 Minimum cash balance desired $ ? $ ? $ ? $ ? $ ? Cash excess (deficiency) Financing: Plus: New borrowings Less: Debt repayments Less: Interest payments (2) Total effects of financing ? ? ? ? $ ? $ ? $ $ $ $ ? $ ? Ending cash balance (1) + (2) Randell Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 6%. Randell Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available