Zolezzi Incorporated Is Preparing Its Cash Budget for March

Zolezzi Incorporated is preparing its cash budget for March. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $101,000 and budgeted cash disbursements total $90,000. The desired ending cash balance is $85,000. The company can borrow up to $60,000 at any time from a local bank, with interest not due until the following month.Required:Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

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