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QS 20-23 Budgeted loan activity LO P2 Santos Co. is preparing a cash budget for February. The company has $12,000 cash at the beginning of February and anticipates $68,000 in cash receipts and $114,000 in cash payments during February. What amount, if any, must the compariy borrow during February to maintain a $5,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) SANTOS CO. Cash Budget For Month Ended Fobruary 20 Beginning cash balance Total cash available Preliminary cash balance Ending cash balance Use the following information: a. Beginning cash balance on March 1, $76,000. b. Cash receipts from sales, $304,000. c. Budgeted cash payments for direct materials. $135,000 d. Budgeted cash payments for direct labor, $73,000. e. Other budgeted cash expenses. $45,000 Cash repayment of bank loan $18,000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance expected on March 31 GADO COMPANY Cash Budget For Month Ended March 31 Total cash available Cash payments for Total cash payments