M 1 231 4 5 B D E F G H 1 A Ch4-1: GS Cookie Co. forecasts cash receipts for January and February of $18,000 and $20,000, with cash expenses of $6,000 and $8,000, respectively. GS Cookie's cash balance at the beginning of January was $5,000, and must maintain a minimum $5,000 balance as company policy. GS Cookie also has a $15,000 balance outstanding on its line of credit at the local bank. Based on its cash budget, a) how much of the line of credit can GS Cookie repay in January; b) how much remaining debt will be paid in March; and c) what will their cash balance be at the end of March? Show all work (display all the variables used in your formulas, and/or detail all steps used in determining the calculation)