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Santos Company is preparing a cash budget for February. The company has $ 1 8 , 0 0 0 cash at the beginning of February

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Santos Company is preparing a cash budget for February. The company has $18,000 cash at the
beginning of February and budgets $74,000 in cash receipts from sales and $118,000 in cash
payments during February. Prepare the cash budget for February assuming the company maintains
a $4,000 minimum cash balance and will take a loan if necessary to maintain this balance. The
company has no loans outstanding on February 1.
Note: Negative cash balances, if any, should be indicated with minus sign.
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