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Santos Company is preparing a cash budget for Februncy. The company has $20,000 cash at the beginning of February and boxdgets 574,000 in cash receipts

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Santos Company is preparing a cash budget for Februncy. The company has $20,000 cash at the beginning of February and boxdgets 574,000 in cash receipts from sales and $101,000 in cash payments during February. Prepare the cash budget for February assiming the company maintains a $5,000 minimum cash bolance and will take a loan if necessary to maintain this balance. The company has no loars outstanding on February 1 (Negative cash balances, If any, should be indicated with minus slon.)

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