Zolezzi incorporated is preparing its cash budget for March. The budgeted beginning cash balance is $$24,000.$ Budgeted cash receipts total $$103,000$ and budgeted cash disbursements total $$96,000.$ The desired ending cash balance is $$80,000.$ The company can borrow up to $$100,000$ 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.

$\backslash$table$[[$Beginning cash balance,$],[$Add cash receipts,$],[$Total cash available,$],[$Less cash disbursements,$],[$Excess $($deficiency$)$ of cash available over disbursements,$],[$Borrowings$,],[$Ending cash balance,$]]$