Assume Pierre Computer Company began January with $20,000 cash. Management forecasts the following cash receipts and payments during the period: Read the requirements. Information Management forecasts that cash receipts from credit customers will be $50,000 in January and $55,000 in February. Projected cash payments include equipment purchases (\$24,000 in January and $38,000 in February) and selling and administrative expenses ( $7,000 each month). Pierre Computer Company's bank requires a $28,000 minimum balance in the firm's checking account. At the end of any month when the account balance falls below $28,000, the bank automatically extends credit to the firm in multiples of $5,000. Pierre Computer Company borrows as little as possible and pays back loans each month in $1,000 increments, plus 5% interest on the entire unpaid principal. The first payment occurs one month after the loan. Requirements 1. Prepare Pierre Computer Company's cash budget for January and February, 2027. 2. How much cash will Pierre Computer Company borrow in February if cash receipts from customers that month total $35,000 instead of $55,000