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Donald Martin, Swifty \& George Fabricators' budget director, has received budget information from several managers and is preparing the compary's cash budget. In addition to the information he recelved from these managers, Donald knows the following: - Swifty & George plans to have $32,400 in its cash account on January 1. - Switty 8 George plans to purchase and pay cash for a plece of land in January at a cost of $85,000. - Switty \&. George plans to make a cash purchase of equipment in March at a cost of \$28,000. - Swifty \& George's income taxes from last quarter totaling $26,400 will be paid in January. - Switty \& George is required to maintaina minimum cash balance of $50,000 in its account at First National Bank. Swifty \& George has negotiated with the First National Bank to provide a $175,000 line of credit that can be borrowed against in $1,000 increments on the first day of the month. Any repayments on the line of credit must also be made in $1,000 increments and are made on the last day of the month when cash is available. The annual interest rate on this line of credit is 6%. Any time a principal payment is made, all accrued interest to date is repaid. Prepare Swifty & Hill's cash budget for the first quarter. (Round answers to O decimal ploces, eg. 5, 275, Enter answers in necessary fields only. Leave other fields blank. Do not enter 0 . Enter negotive amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)

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