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You recently began a job as an accounting intern at Extreme Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the budget , you may have just enough information to reconstruct the budget. (Click the icon to view information on borrowing cash.) Requirements 1. Complete the following cash budget. February March Beginning cash balance 17,000 $ Cash collections 80,200 2.300 0 Cash from sale of plant assets More Info Cash available 107,600 Cash payments: Purchases of inventory 41,800 Extreme Adventures eliminates any cash deficiency by borrowing the exact amount needed from Caisse Populaire, where the current interest rate is 8%. Extreme Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available. 47,500 Operating expenses Total payments (1) Ending cash balance before financing 98,000 29,400 24,000 Print Done 24,000 Minimum cash balance desired Cash excess (deficiency) Financing of cash deficiency: Borrowing (at end of month) Principal repayments (at end of month) Interest expense (2) Total effects of financing ? Enter any number in the edit fields and then continue to the next question. MacBook Air

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