Precision MachinesStudent Note: Fill in the light yellow cellsData: NovemberDecemberJanuaryFebruaryMarchAprilMayJuneAnnual Cost of borrowing10.00% Minimum Cash Balance$5,000.00 Beginning Cash Balance$7,500.00 Revenues (Sales)$40,000.00$50,000.00$48,000.00$55,000.00$35,000.00$50,000.00$65,000.00$40,000.00   Cash CollectionsNovemberDecemberJanuaryFebruaryMarchAprilMayJuneFirst Month (30%)$12,000.00$15,000.00$14,400.00$16,500.00$10,500.00$15,000.00$19,500.00$12,000.00Second Month (35%)14,000.0017,500.0016,800.0019,250.0012,250.0017,500.0022,750.00Third Month (35%)14,000.0017,500.0016,800.0019,250.0012,250.0017,500.00Total Collections$45,900.00$50,800.00$46,550.00$46,500.00$49,250.00$52,250.00 Cash Disbursements Material Purchases Salaries6,000.006,000.006,000.006,000.006,000.006,000.00Wages3,000.003,500.003,000.003,200.003,500.003,000.00Other Expenses  Capital Expenditure45,000.00 Dividends1,000.001,000.00 Interest Total Disbursements   Cash flows Net cash flows Cumulative cash flows Minimum Cash Balance Cash Surplus or(Deficit)    Recommendations: