You recently began a job as an accounting intern at Raymond 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. (Click the icon to view information on borrowing cash.) Requirements Complete the following cash budget. (For amounts with a $0 balance, make sure to enter "O" in the appropriate input field. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.) February Beginning cash balance $ 16,200 90,000 Plus: Cash collections i X More Info 0 Plus: Cash from sale of plant assets $ Total cash available 106,200 Less: Cash payments (purchase inventory) Less: Cash payments (operating expenses) 47,700 Raymond Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 6%. Raymond 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. $ 98,500 Total cash payments (1) Ending cash balance before financing 23,000 Print Done Minimum cash balance desired Cash excess (deficiency) 10 Financing: Plus: New borrowings You recently began a job as an accounting intern at Raymond 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 (Click the loon to view Information on borrowing cash.) Requirements Complete the following cash budget. (For amounts with a $0 balance, make sure to enter "o" in the appropriate input field. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a nel outflow. Round interest expense to the nearest whole dollar.) 106,200 Total cash available Less: Cash payments (purchase inventory) 47,700 Less: Cash payments (operating expenses) S 98,500 Total cash payments i More Info (1) Ending cash balance before financing 23,000 Minimum cash balance desired Raymond Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 6%. Raymond Adventures pays interest on its outstanding Cash excess (deficiency) debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available Financing Plus: New borrowings Print Done Less: Debt repayments Less: Interest payments (2) Total effects of financing Ending cash balance (1) + (2) Enter any number in the edit fields and then click Check