Saved 3 The controller of Arrowroot Company wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021 10 point June 30, 2021, cash balance Dividends were declared on June 15 cash expenditures to be paid in July for operating expenses Depreciation expense cash collections to be received Merchandise purchases to be paid in canh Equipment to be purchased for cash Arrowroot company wishes to maintain a minimum cash balance of $130,000 44,000 83,600 13,000 198,000 122,400 47, Bee 78,000 03:1157 *Dividends are payable to shareholders of record on declaration date, 30 days after declaration Required: 1. Prepare a cash budget for the month ended July 31, 2021, indicating how much, if anything. Arrowroot will need to borrow to meet its minimum cash requirement (Leave no cells blank.be certain to enter "o" wherever required.) ARROWROOT COMPANY Cash Budget for July 31, 2021 Total hayatable beta current financing Le disbursements Totormenta En deficiency of cash available over disbursements Financing Borrowing Repayments WAS