You recently began a job as an accounting intern at Big Sky Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just enough information to reconstruct the budget. i (Click the icon to view information on borrowing cash.) (For amounts with a zero balance, make sure to enter "0" in the appropriate cell. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign or parentheses when the amount is a net outflow. Round the interest expense to the nearest whole dollar.) Big Sky Adventures Ltd. Cash Budget February and March - Beginning cash balance Cash collections Cash from sale of plant assets Cash available Cash payments: Purchases of inventory Operating expenses Total payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing of cash deficiency: February March $ 16,200 0 80,200 2,600 106,400 41,900 47,800 98,500 23,600 21,000 21,000 More info Big Sky Adventures eliminates any cash deficiency by borrowing the exact amount needed from Caisse Populaire, where the current interest rate is 7%. Big Sky 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. Print Done