Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $102,000 and budgeted cash disbursements total $97,000. The desired ending cash balance is $75,000. The company can borrow up to $110,000 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.

Beginning cash balance
Add cash receipts
Total cash available
Less cash disbursements
Excess (deficiency) of cash available over disbursements
Borrowings
Ending cash balance