6. SaveCo Services, Inc, has $8,600 cash on hand on May 1. The company requires a minimum cash balance of S7.500. May cash collections are $548,480. Total cash payments for May are $563.420. Prepare a cash budget for May. How much cash, if any, will SaveCo need to borrow by the end of May? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies) SaveCo Services, Inc. Combined Cash Budget For the Month Ended May 31 Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) By the end of May. Saveco (1) $ (1) O O has excess cash of O needs to borrow