Prepare a cash budget for Data Logic using the following assumptions All expenses are paid during the month incurred, except rent and labor. Rent and labor will be paid the following month. Cash on hand on July 1,2012 is projected to be $25,000. A minimum cash balance of $25,000 should be maintained through the cash budget period. Prepare a monthly cash budget for the last six months of 2012. How much money will Data Logic need to borrow (or how much will it have available to invest) each month? Use the IF function to calculate the loan requirement and surplus for each month. Save Excel file as cashflow1 Prepare a monthly cash budget for the last six months of 2012. Change the following assumptions: Collections on sales have been projected to be: 35% collected during the month of sale 55% collected one month after sale 5% collected two months after sale 5% will be uncollectable How much money will Data Logic need to borrow (or how much will it have available to invest) each month? Use the IF function to calculate the loan requirement and surplus for each month. Save Excel file as cashflow2