20 Have The controller of Arrowroot Company wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021 June 2021, canh balance Dividends weddared on June 15 Chh expenditures to be paid in July inexpenses Depreciation expense Cinh collectie Iceved Merchand purchase bo padech be purchased at Ampany with maintain a minimum change of S96.000 27.000 75,00 9,000 181.000 113 41.600 30,000 Dividends are payable to shareholders of record on declaration date, 30 days after declaration 1 Required: 1. Prepare a cash budget for the month ended July 31, 2021. indicating how much, if anything. Arrowroot will need to borrow to meet its minimum cash requirement. Leave no cells blank be certain to enter "O" wherever required.) ARROWROOT COMPANY Canh Budget for July 31, 2021 10 point Stopped Total cash available before current financing Less disbursements Total disbursements Excess (delnicy) at cash available over disbursements Financing Borrowego Repayments Interest Total financing 2. Supposing the cash management policy at Arrowroot permits borrowing up to $36,000 for the purpose of financial stack. how much will be borrowed