Question 24 View Policies Current Attempt in Progress The beginning cash balance is $15.000. Sales are forecasted at $800,000 of which will be on credit 70% of credit sales are expected to be collected in the year of sale. Cash expenditures for the year forecasted at $475,000. Accounts Receivable from previous accounting periods totaling $9.000 will be collected in the current year. The company is required to make a $15.000 loan payment and an enestament on the last day of every year. The loan balance as of the beginning of the years $90,000, and the annual interest rate is 10% Compute the excess of cash receipts over cash disbursements Net increase in cash Save for Later Attems of used