Current Attempt in Progress Carla Vista Industries is preparing its cash budget for the third quarter of the current year. Sales for the third quarter are budgeted at $699000 ($233000 per month). Sales are 70% cash, with the remaining 30% on credit which is collected in the month following the month of sale. On June 30, the cash balance is $39500, and the Accounts Receivable (all related to June sales) balance is $41500. Operating expenses for the quarter are budgeted at $371000, which includes $14900 of depreciation. Cash expenses are paid in the month incurred. Cash purchases for merchandise inventory are budgeted at $313100 for the quarter. To prepare for the busy fourth quarter, Carla Vista's desired cash balance on September 30 is $121500. How much financing will the company need at the end of the third quarter? $137000 $80600 $10700 $25600