You recently began a job as an accounting intern at Rickety 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.) Rickety Golf Park eliminates any cash deficiency by borrowing the exact amount needed from First Street Bank, where the current interest rate is 8% per year. Rickety 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. Rickety does not have any outstanding debt on April 1. Complete the cash budget. Round interest expense to the nearest whole dollar. $ 16,600 $ ? Beginning cash balance Cash receipts ? 79,900 2,300 0 Cash from sale of plant assets Cash available 108,600 ? Cash payments: Purchase of inventory ? 41,000 Selling and administrative expenses 47,300 ? ? ? Interest expense 97,900 ? Total cash payments Ending cash balance before financing ? 22,300 (20,000) Minimum cash balance desired (20,000) ? ? Cash excess (deficiency) Financing: Cash payments: Purchase of inventory ? 41,000 Selling and administrative expenses ? 47,300 ? ? Interest expense 97,900 ? Total cash payments Ending cash balance before financing ? 22,300 (20,000) Minimum cash balance desired (20,000) Cash excess (deficiency) ? ? Financing: Borrowing ? ? Principal repayments ? ? ? ? Total effects of financing ? ? Ending cash balance