#9

Santos Company is preparing a cash budget for February. The company has $14,000 cash at the beginning of February and budgets $72.000 in cash receipts from sales and $119.000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $5,000 minimum cash balance and will take a loan if necessary to maintain this balance The company has no loans outstanding on February 1. (Negative cash bolances, if any, should be indicated with minus sign.)