Question 2 [25 points] A cash budget, by quarters, is given below (000 omitted). The company...

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Question 2 [25 points] A cash budget, by quarters, is given below (000 omitted). The company requires a minimum cash balance of at least $8,000 to start each quarter. Interest paid will total $1,000 for the year. Assume that if the company has a loan and cash above the minimum cash balance it will repay the maximum amount without going below the minimum cash balance. Fill in the missing amounts in the following table. Enter 0 for any amounts that are zero. EastCo Cash Budget For the Year Ended December 31, 2019 Beginning cash balance Collections from customers Total available cash Disbursements Direct materials Direct labor Manufacturing overhead less depreciation Selling and administrative expenses less depreciation Total disbursements Excess (deficiency) of available cash Financing Borrowings Repayments including interest Ending cash balance Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total 9 ******** 72 38 9 7 (4) 0 46 21 5 7 79 0 (1) 69 29 5 7 6 2 49 H 2 6 0 291 97 28 SAVE AND CL Question 2 [25 points] A cash budget, by quarters, is given below (000 omitted). The company requires a minimum cash balance of at least $8,000 to start each quarter. Interest paid will total $1,000 for the year. Assume that if the company has a loan and cash above the minimum cash balance it will repay the maximum amount without going below the minimum cash balance. Fill in the missing amounts in the following table. Enter 0 for any amounts that are zero. EastCo Cash Budget For the Year Ended December 31, 2019 Beginning cash balance Collections from customers Total available cash Disbursements Direct materials Direct labor Manufacturing overhead less depreciation Selling and administrative expenses less depreciation Total disbursements Excess (deficiency) of available cash Financing Borrowings Repayments including interest Ending cash balance Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total 9 ******** 72 38 9 7 (4) 0 46 21 5 7 79 0 (1) 69 29 5 7 6 2 49 H 2 6 0 291 97 28 SAVE AND CL

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