You recently began a job as an accounting intern at Rocky Golf Park. Your first task was to help prepare the cash budget Rocky Golf Park elim for April and May. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a current interest rate is paper copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the budget. The company then re you may have just enough information to reconstruct the budget. required but after pay (Click the icon to view the cash budget.) Complete the cash bu (Complete all input fields. Enter a "O" for zero balances. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of finu nearest whole dollar) Rocky Golf Park Cash Budget Two Months Ended May 31 April Beginning cash balance $ 16,400 Cash receipts Cash from sale of plant assets Cash available 108.400 Cash payments Purchase of inventory Selling and administrative expenses 47200 Interest expense Total cash payments 97,700 Ending cash balance before financing 0 budget Rocky Golf Park eliminates any cash deficiency by borrowing the exact amount needed from First Street Bank, where the en a current interest rate is 7% per year. Rocky Golf Park first pays interest on its outstanding debt at the end of each month. - budget. The company then repays all borrowed amounts at the end of the month with any excess cash above the minimum required but after paying monthly interest expenses. Rocky does not have any outstanding debt on April 1. Complete the cash budget. Round interest expense to the nearest whole dollar. Enter the net total effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the X Data Table May Rocky Golf Park Cash Budget Two Months Ended May 31 April Beginning cash balance $ 16,400 Cash receipts ? 0 Cash from sale of plant assets Cash available 108,400 $ $? 80,100 2.000 ? Cash payments: Purchase of inventory Selling and administrative expenses 2 41,400 47,200 ? Interest expense ? 97,700 ? Total cash payments Ending cash balance before financing ? 27,000 (25,000) Minimum cash balance desired (25,000) ? ? Cash excess (deficiency) Financing: Ronalna Print Done