You recently began a job as an accounting intern at Whitewater 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.
Whitewater Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 7%. Whitewater 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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Whitewater Adventures Combined Cash Budget February and March February 16,800 S March 4 5 Beginning cash balance Plus: Cash collections 6. 7 Plus: Cash from sale of plant assets 8 Total cash available 9 Less: Cash payments (purchase inventory) 10 Less: Cash payments (operating expenses) 11 Total cash payments 12 (1) Ending cash balance before financing 13 Minimum cash balance desired 14 Cash excess (deficiency) 15 Financing: 16 80,200 2,400 106,800 S ?|$ 47,600 98,500 S ?|$ 20,000 ?|$ 41,200 23,300 20,000 Plus: New borrowings Less: Debt repayments 18 17 Less: Interest payments 19 (2) Total effects of financing 20 Ending cash balance (1) + (2) 21