Cash Budget & Short-Term Financing Presented below are partial October, November, and December cash budgets for Holidays Events. Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum end-of-month balance of $12,000. Interest is one percent simple interest (no compounding) per month, payable when the loan is repaid. Repayments are made as soon as possible, subject to the minimum end-of-month balance Complete the short-term financing section of the cash budget and all missing figures Use a negative sign with answers to indicate a cash disbursement. HOLIDAY EVENTS Partial Cash Budgets For the Months of Octoher, November, and December October November Decemher Total Cash balance, beginning 321,0003 Collection on sales 33,000 38,000 78,000 Cash available for operations 48,000) 58,000 40,000) Disbursements for operations Ending cash before borrowings or replacements Short-term finance New loans Repayments nterest Cash balance, ending