11. Using the information found in the case and the previous budgets, prepare a cash budget for Sweats Galore for the year ended December 31, 2008. SWEATS GALORE Cash Budget For the Year Ending December 31, 2008 Quarter 2 3 4 Beginning cash balance SO Add: Receipts Collections from customers Total available cash Less: Disbursements Payments for shirt purchases Silk-screen labor Silk-screen overhead Selling and administrative expenses Payment for equipment purchase Total disbursements Excess (deficiency) of available cash over disbursements Financing Borrowings (assume $20,000 loan approved in Q1) Ending cash balance