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Costa Services, Inc., has $8,100 cash on hand on July 1 . The company requires a minimum cash balance of $7,000. July cash collections are

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Costa Services, Inc., has $8,100 cash on hand on July 1 . The company requires a minimum cash balance of $7,000. July cash collections are $548,580. Total cash payments for July are $564,130. Prepare a cash budget for July. How much cash, if any, will Costa need to borrow by the end of July? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.)

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