You recently began a job as an accounting intern at Rocky 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 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 minus sign or parentheses when the amount i a net outflow. Round the interest expense to the nearest whole dollar.) Rocky Adventures Ltd. Cash Budget February and March February $ 16.300 March Beginning cash balance Cash collections 80,000 2,100 106,300 - X Cash from sale of plant assets Cash available Cash payments: Purchases of inventory More info 41,400 47,600 Rocky Adventures eliminates any cash deficiency by borrowing the exact amount needed from Caisse Populaire, where the current interest rate is 6%. Rocky 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. Operating expenses Total payments (1) Ending cash balance before financing 98,200 26,500 24.000 24,000 Minimum cash balance desired Print Done 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)