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You recently began a job as an accounting intern at Reilly Golf Park. Your first task was to help prepare the cash budget for April

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You recently began a job as an accounting intern at Reilly Golf Park. Your first task was to help prepare the cash budget for April and May. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a paper 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 the cash budget.) Ren Next question es any cash deficiency by borrowing the exact amount needed from First Street Bank, where the current interest rate is 6% per year. Reilly Golf Park first pays interest on its outstanding debt at the end of each month. 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. Reilly does not have any outstanding debt on April 1 Complete the cash budoet. Round interest expense to the nearest whole dollar. $ 0 (Complete all input fields. Enter a "0" for zero balances. 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) Reilly Golf Park Cash Budget Two Months Ended May 31 April Beginning cash balance 16,700 Cash receipts Cash from sale of plant assets Cash available 114.700 Cash payments Purchase of inventory Selling and administrative expenses 47.400 Interest expense Total cash payments 98.400 Ending cash balance before financing Minimum cash balance desired (25,000) Cash excess (deficiency) Financing Borrowing Principal repayments Total effects of financing Ending cash balance LEDELSE

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