Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $542.500, The 2018 budgeted Income statement shows expected net income of $116,500. The company expects to declare dividends during 2018 amounting to $44,500 The expected balance in retained varnings on the 2018 budgeted balance sheet is $659.000 5614,500 5490.000 3542.500 Southland Company is preparing a cash budget for August. The company has $18.300 cash at the beginning of August and anticipates $123.400 in cash receipts and $137300 in cash payments during August Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow O $5.400 50 $28.300 $8.300