Prepare a cash budget for January AND February. Will Yogu need to borrow cash by the end of February, why or why not?

Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Total cash payments Ending cash balance before fiunancing Minimum cash balance desired Projected cash excess (defi ciency) Financing: Borrowing Principal repayments Yogi has $15,500 in cash on hand on January 1 and has collected the following budget data: Begin by preparing the cash budget for January, then prepare the cash budget for February. (Complete all input fields. Enter a " 0 " for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar.) Data table Yogi has $15,500 in cash on hand on January 1 and has collected the following budget data: (Click on the icon to view the budget data.) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yogi has cash payments for selling and administrative expenses including salaries of $55,000 per month plus commissions that are 2% of sales, 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. Will Yogi 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 fields. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar.) Projected cash excess (deficciency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance