Cander Pte Ltd has $12,500 in cash on hand on January 1. Following information are the cash payments for January and February. January February Budgeted direct labor cost $ 44,250 $ 25,140 $ 52,650 $ 26,540 Budgeted manufacturing overhead costs Selling and administrative expenses $52,625 $53,063 The company requires a minimum cash balance of $10,000. Assume there is no financing for the two months. Prepare a cash budget for January and February. Round to the nearest dollar. Will Cander Pte Ltd need to borrow cash by the end of February? (8 marks) Cander Pte Ltd has $12,500 in cash on hand on January 1. Following information are the cash payments for January and February. January February Budgeted direct labor cost $ 44,250 $ 25,140 $ 52,650 $ 26,540 Budgeted manufacturing overhead costs Selling and administrative expenses $52,625 $53,063 The company requires a minimum cash balance of $10,000. Assume there is no financing for the two months. Prepare a cash budget for January and February. Round to the nearest dollar. Will Cander Pte Ltd need to borrow cash by the end of February? (8 marks)