You recently began a job as an accounting intern at Rockwall Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard 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.
Rockwall Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 6%. Rockwall Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available.
Requirement
Complete the following cash budget:

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Rockwall Adventures Comblned Cash Budget February and March February 16,900 $ March 5 Beginning cash balance 80,000 2,000 Plus: Cash collectlons 7 Plus: Cash from sale of plant assets 107,300 S 8. Total cash avallable Less: Cash payments (purchase Inventory) 10 Less: Cash payments (operating expenses) 11 Total cash payments 12 (1) Ending cash balance before financing 41,400 9. 47,700 98,400 S ?|$ 21,000 25,100 21,000 13 Minimum cash balance desired 14 Cash excess (deficlency) 15 Financing Plus: New borrowlngs 16 Less: Debt repayments 17 Less: Interest payments 18 19 (2) Total effects of financing 20 Ending cash balance (1) + (2) 21