Expert Q&A Done (15 points) wants to improve the company's control systm cash budget. The following infoemation is for the month ending July 31, 2017 June 30, 2017 cash balance $55,000 Dividends to be declared on July 15* 12.000 Cash expenditures to be paid in July for operating expenses 36,800 Amortization expense in July 4,500 Cash collections to be received in July 90,000 Merchandise purchases to be paid in cash in July 71,300 Equipment to be purchased for cash in July 20,500 Dividends are payable 30 days after declaration to sharcholders of record on the declaration date Adams Company wants to keep a minimum cash balance of $30,000. (a) Prepare a cash budget for the month ended July 31,2017, and indicate how much money if any, Adams Company will need to borrow to meet its minimum cash requirement. b) Explain how cash budgeting can reduce the cost of short-term borrowing