(Click the icon to view the cash payments schedule.) Carmen Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) i (Click the icon to view the additional information.) Complete a cash budget for Carmen Company for January, February and March. (Complete all input fields. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) Reference Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Interest expense Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance Carmen Company Cash Budget January, February, and March January Aut www.bala Cash Receipts from Customers Total sales Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales January-Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February February-Cash sales February-Credit sales, collection of February sales in February February-Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April More info S $ $ S Total January February March 10,600 $ 11,600 S 11,100 $ 33,30 January February March Total 6,360 2,120 S 8,480 $ 2,220 2,120 6,960 2,320 S 11,400 S 2,320 6,660 2,220 11,200 $ Carmen's beginning cash balance is $5,000 and Carmen desires to maintain a minimum ending cash balance of $5,000. Carmen borrows cash as needed at the beginning of each month in increments of $1,000 and repays the amounts borrowed in increments of $1,000 at the beginning of months when excess cash is available. The interest rate on amounts borrowed is 12% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. 31.08 X