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S22-11 (similar to) Question Help Yordi has $12,500 in cash on hand on January 1 and has collected the following budget data: 33. Click on the icon to view the budget dala. Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yordi hae cash payments for selling and administrative expenses including salaries of $55,000 per month plus commiesions that are 3% of eales, all paid in the month of sale. The company requires a minimum cash balance of $10,000. Prepare a cash budget for January and February. Round to the nearest dollar. Wil Yordi need to borrow cash by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February. (Complete all input boxes. Enter a 'O' for any zero balances. Round all arounts entered into the cash budget to the nearest whole dollar.) Yordi Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Total cash payments Ending cash balance before financing Minimum cash balance desired Prijesclud cash excess (deficiency) Financing Barrowing Principal repayments Total effects of financing Ending cash balance Enter any number in the edit fields and then click Check Answer. parts 2 remaining Clear All Check Answer i Data Table Sales Cash receipts from customers January 529,000 $ 443, 100 180,965 135,360 February 562,000 502,600 160,412 113,010 Cash payments for direct materials purchases Direct labor costs Manufacturing overhead costs (includes depreciation of $1,800 per month) 55,366 53,232 Print [Done] Print Done