od bookmale Saved Help Save & Exit Sub 1-Term Test #2 28 The controller of Arrowroot Company wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021 June 30, 2021, cash balance Dividends to be paid in cash in July Cash expenditures to be paid in July for operating expenses Depreciation expense Cash collections to be received Merchandise purchases to be paid in cash Equipment to be purchased for cash Arrowroot company wishes to maintain a minimun cash balance of $100,000 29,000 76,100 10,000 183,000 114,900 42,500 40,000 8 01.02.22 Required: 1. Prepare a cash budget for the month ended July 31, 2021, indicating how much, if anything. Arrowroot will need to borrow to meet its minimum cash requirement (Leave no cells blank.be certain to enter "o" wherever required.)