Could you just help me calculate the Feb's Borrowings?

Your answer is partially correct. Try again Whispering Winds Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2017. January February $360,700 $400,100 131,400 81,000 74,600 86,300 Sales Purchases Salaries 121,100 83,800 70,200 78,700 Administrative expenses Selling expenses All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred except for administrative expenses, which include $1,400 of depreciation per month Other data 1. Collections from customers: January $333,000; February $378,300 2. Payments for purchases: January $107,100; February $141,800 3. Other receipts: January: collection of December 31, 2016, notes receivable $17,200; February: proceeds from sale of securities $6,400 4. Other disbursements: February $12,100 cash dividend. The company's cash balance on January 1, 2017, is expected to be $48,300. The company wants to maintain a minimum cash balance of $56,960 Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.)