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Roland Services, Inc., has $8,300 cash on hand on August 1. The company requires a minimum cash balance of $7,400. August cash collections are $548,580.

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Roland Services, Inc., has $8,300 cash on hand on August 1. The company requires a minimum cash balance of $7,400. August cash collections are $548,580. Total cash payments for August are $579,490. Prepare a cash budget for August. How much cash, if any, will Roland need to borrow by the end of August? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.)

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