You recently began a job as an accounting intern at Backyard 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.
Backyard Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 8%. Backyard 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 cashbudget:

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c. Backyard Adventures Combined Cash Budget February and March ebruaryMarch 5 Beginning cash balance 6 Plus: Cash collections 7 Plus: Cash from sale of plant assets 8 Total cash available 79,600 41,200 26,400 107,000 Less Cash payments(purchase inventory 10 ets ahpament forain ense 47 500 12 (1) Ending cash balance before finaning 13 Minimum cash balance desired 14 Cash excess (deficiency 15 Financing: 16 Plus: New borrowings 17 Less: Debt repayments 18 Less: Interest payments 19 (2) Total effects of fnancing 20 Ending cash balance (1)+ (2) 21 4,000 24,000