You recently began a job as an accounting intern River Golf Park eliminates any cash deficiency at River Golf Park. Your first task was to help by borrowing the exact amount needed from prepare the cash budget for April and May. First Street Bank, where the current interest rate Unfortunately, the computer with the budget file is 7% per year. River Golf Park first pays interest crashed, and you did not have a backup or even on its outstanding debt at the end of each a paper copy. You ran a program to salvage bits month. The company then repays all borrowed of data from the budget file. After entering the amounts at the end of the month with any following data in the budget, you may have just excess cash above the minimum required but enough information to reconstruct the budget. after paying monthly interest expenses. River (Click the icon to view the cash budget.) does not have any outstanding debt on April 1. Complete the cash budget. Round interest expense to the nearest whole dollar (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.) River Golf Park Cash Budget Two Months Ended May 31 April 40 On hd 25 Dacia You recently began a job as an accounting intern at River Golf Park. Your first task was to help for April and May. Unfortunately, the computer with the budget file crashed, and you did not ha paper copy. You ran a program to salvage bits of data from the budget file. After entering the f you may have just enough information to reconstruct the budget. (Click the icon to view the cash budget.) River Golf Park Cash Budget Two Months Ended May 31 April $ 16,600 Beginning cash balance Cash receipts 0 Cash from sale of plant assets Cash available 107,000 Cash payments: Purchase of inventory Selling and administrative expenses 47,500 Interest expense 97,600 Total cash payments Ending cash balance before financing Minimum cash balance desired (20,000) Cash excess (deficiency) You recently began a job as an accounting intern at River Golf Park. Your first task wa for April and May. Unfortunately, the computer with the budget file crashed, and you di paper copy. You ran a program to salvage bits of data from the budget file. After enteri you may have just enough information to reconstruct the budget. (Click the icon to view the cash budget.) Cash receipts 0 Cash from sale of plant assets Cash available 107,000 Cash payments: Purchase of inventory Selling and administrative expenses 47,500 Interest expense 97,600 Total cash payments Ending cash balance before financing Minimum cash balance desired (20,000) Cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance River Golf Park Cash Budget Two Months Ended May 31 April May Beginning cash balance $ 16,600 $? Cash receipts ? 82,000 0 Cash from sale of plant assets 1,900 Cash available 107,000 ? Cash payments: Purchase of inventory Selling and administrative expenses ? 41,400 47,500 ? ? ? Interest expense 97,600 ? Total cash payments Ending cash balance before financing ? 21,900 (20,000) Minimum cash balance desired (20,000) ? ? Cash excess (deficiency) Financing: Borrowing Beginning cash balance $ 16,600 $? Cash receipts ? 82,000 1,900 Cash from sale of plant assets 0 Cash available 107,000 ? Cash payments: Purchase of inventory Selling and administrative expenses ? 41,400 47,500 ? ? Interest expense ? Total cash payments 97,600 ? Ending cash balance before financing ? 21,900 (20,000) Minimum cash balance desired 120,000) ? ? Cash excess (deficiency) Financing: Borrowing ? ? Principal repayments ? ? ? ? Total effects of financing ? ? Ending cash balance