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The Thunder Dan's Corporation's purchases from suppliers in aquarter are equal to 65 percent of the next quarter's forecastedsales. The payables period is 60 days. Beginning accounts payablesis $200. Wages, taxes, and other expenses are 16 percent of sales,and interest and dividends are $60 per quarter. No capitalexpenditures are planned. Sales for the first quarter of thefollowing year are projected at $720. The receivables period is 45days. Beginning accounts receivables is $150. Initial cash balanceis $70, the corporation requires a minimum cash balance of $50. Theprojected quarterly sales are: Q1, $690; Q2, $660; Q3 $590; Q4,$560. Based on the information, please construct the cash budgettable for the following 4 quarters. Please indicate if the shortterm financing is needed.