QS $20-23$ Budgeted Ioan activity LO P$2$

Santos Co$.$ is preparing a cash budget for February. The company has $$13,000$ cash at the

beginning of February and anticipates $$69,000$ in cash receipts and $$103,000$ in cash

disbursements during February. What amount, if any, must the company borrow during

February to maintain a $$6,000$ cash balance? The company has no loans outstanding on

February $1.|($Negative cash balances, if any, should be indicated with minus sign.$)$