You recently began a job as an accounting intern at Backyard 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.) Requirements 1. Complete the following cash budget. 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.) Backyard Adventures Ltd. - X More info Cash Budget February and March February March Backyard Adventures eliminates any cash deficiency by borrowing the exact amount needed from Caisse Populaire, where the current interest rate is 8%. Backyard Adventures pays interest on its outstanding debt Beginning cash balance 16,900 at the end of each month. The company also repays all borrowed amounts at the end of the month as cash Cash collections 79,800 becomes available 2,600 Cash from sale of plant assets 107,000 Cash available Print Done Cash payments: Purchases of inventory 41,000 Operating expenses 47,700 98,100 Total payments (1) Ending cash balance before financing 29,900Cash from sale of plant assets 2,600 Cash available 107,000 Cash payments: Purchases of inventory 41,000 Operating expenses 47,700 Total payments 98, 100 (1) Ending cash balance before financing 29,900 Minimum cash balance desired 24,000 24,000 Cash excess (deficiency) Financing of cash deficiency: Borrowing (at end of month) Principal repayments (at end of month) Interest expense (2) Total effects of financing Ending cash balance (1) + (2)