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Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $19,000. Budgeted cash receipts total $110,000 and budgeted cash disbursements

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Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $19,000. Budgeted cash receipts total $110,000 and budgeted cash disbursements total $93,000. The desired ending cash balance is $65,000. The company can borrow up to $70,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance. 0 Beginning cash balance Add cash receipts Total cash available Less cash disbursements Excess (deficiency) of cash available over disbursements Borrowings Ending cash balance 0 $ 0

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