QS 20-23 Budgeted loan activity LO P2 Santos Co. is preparing a cash budget for February. The company has $19,000 cash at the beginning of February and anticipates $70,000 in cash receipts and $111,000 in cash disbursements during February. What amount, if any, must the company borrow during February to maintain a $4,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) X Answer is not complete. SANTOS CO. Cash Budget For Month Ended February 28 Beginning cash balance $ Cash receipts Total cash available Additional loan from bank X Preliminary cash balance $ 19,000 70,000 89,000 26,000 X 111,000 Ending cash balance $ 4,000