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 October, November, and December November December Cash balance, beginning 0 x $ Collection on sales 36,000 41,000 Cash available for operations Disbursements for operations (51,000) (61,000) (40,000) Ending cash before borrowings or replacements 0 x Short-term finance: New loans Repayments Interest Cash balance, ending October Total 0 X $24,000 $ 0 X $ 0 X 81,000 0X 0X 0 X 0X 0 0 0 OX OX 0 0 $ 0 X $ 0X $ 0 X $ OX