Cooper Company, a retailer of camping supplies has budgeted activity for January using the following data: Cash sales Credit sales (60% collected in month of sale) Selling and administrative costs (including depreciation) Depreciation expense Merchandise Inventory, January 1 Merchandise Inventory, January 31 Beginning cash balance Minimum cash balance required Cost of goods sold is 59% of Cooper's selling price All purchases are paid in cash Selling and administrative costs are paid in month of purchase $24,500 407,500 52,040 4,970 21,810 21,360 2,810 2,300 Prepare a cash budget for January (Enter cash needed using either a negative sign preceding the number e.g. -4,527 or parentheses e.g. (4,527).)