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Zolezzi Incorporated is preparing its cash budget for March. The budgeted beginning cash balance is $21.000 Budgeted cash receipts total $100.000 and budgeted cash disbursements

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Zolezzi Incorporated is preparing its cash budget for March. The budgeted beginning cash balance is $21.000 Budgeted cash receipts total $100.000 and budgeted cash disbursements total $99.000 The desired ending cash balance is $55.000. The company can borrow up to $130,000 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 balonce. 0 Beginning cash balance Add cash receipts Total cash available Loss cash disbursements Excess (deficiency) of cash available over disbursements Borrowings Ending cash balance 0 S 0

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