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Grippers Manufacturng has $10,500 cash on hand on May 1. The company requires a minimum cash balance of $8,100, May cash collections are 5551,000 .

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Grippers Manufacturng has $10,500 cash on hand on May 1. The company requires a minimum cash balance of $8,100, May cash collections are 5551,000 . Total cash payments for May an $88,000. Prepare a cash budget for May. How much cash, if any, will Gnppers need to borrow by the end of May? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.)

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