$41,400 Tht controller of Coronado Company wants to improve the company's control system by preparing a month-by month cash budget The following information is for the month ending July 31, 2022 June 30,2022, cash balance Dividends to be declared on July 15* 11.040 Cashexpenditures to be paid in July for operating expenses 37.536 Amortization expense in July Cash collections to be received in July Merchandise purchases to be paid in cash in July 51.700 Equipment to be purchased for cash in July 4.140 B2 300 18.400 Dividends are payable 30 days after declaration to shareholders of record on the declaration date Coronado Company wants to keep a minimum cash balance of $20,000 () Preparea canh budget for the month ended July 31, 2022, and indicate how much money. If any.Coronado Company will need to borrow to meet its minimum cash requirement. CORONADO COMPANY Cash Budget al Prepare a cash budget for the month ended July 31 2022 and indicate how much money, fany Coronado Company will need to borrow to meet its minimum cash requirement CORONADO COMPANY Cash Budget