14. Construct the cash budget for December- March. Anticipated sales in Column 1 and variable cash disbursements in Column 2. Thirty percent of the sales are for cash and 70 percent are on credit. Of the credit sales, 90 percent are collected one month after sale and 10 percent as collected two months after the original sale. Cash at the beginning of December $60,100, Other anticipated receipts include a $1,000 tax refund in December. Fixed cash disbursements is $3,000. The firm must retire a $25,000 loan in January. Since the $25,000 loan is retired in January, the desired level of cash will be reduced from $10,000 to $6,000 starting in February. After completing the cash budget, answer the following questions: 1. What are the firm's accounts receivable at the end of March? 2. What is the amount borrowed during February