In addition to the information she received from these managers, Loretha knows the following: E & B plans to have $32,400 in its cash account on January 1. E & B plans to purchase and pay cash for a piece of land in January at a cost of $85,000. E & B plans to make a cash purchase of equipment in March at a cost of $28,000. E&B's income taxes from last quarter totaling $26,400 will be paid in January. E & B plans its monthly depreciation expense (that is included in S & A exp.) to be $20,000/month. E & B is required to maintain a minimum cash balance of $50,000 in its account at First National Bank. Et Question 1 0/2.5 pts What is E &B's Total Budgeted Cash Available to Spend for the month of January? 28165