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Manufacturing overhead includes depreciation of $ 3 , 8 1 3 per month. There is no depreciation included in the selling and administrative expenses. All

Manufacturing overhead includes depreciation of $ 3,813 per month. There is no depreciation included in the selling and administrative expenses. All other expenses are paid in cash in the month when they are incurred. The beginning balance of cash on January 1 was $ 13,451. The company wants to maintain a minimum cash balance of $ 2,915. The line of credit with the bank allowsfor borrowings and repayments in $ 1 increments. If the loan is paid off by the end of the quarter, there is no interest. The company did not plan to make any purchases of equipment or property in 2022. What is the budgeted cash balance at the end of February?

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