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show work please Booth has ( $ 12,500 ) in cash on hand on January 1 and has collected the following budget data: Click on

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Booth has \\( \\$ 12,500 \\) in cash on hand on January 1 and has collected the following budget data: Click on the icon to view the budget data.) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Booth has cash payments for selling and administrative expenses including salaries of \\( \\$ 40,000 \\) per month plus commissions that are \1 of sales, all paid in the month of sale. The company requires a minimum cash balance of \\( \\$ 20,000 \\). Prepare a cash budget for January and February. Round to the nearest dollar. Wal Booth need to borrow cash by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February. (Complete all input dget to the nearest whole dollar.) Booth need to borrow cash by the end of February because the ending cash balance before financing is than the minimum cash balance required. Booth has \\( \\$ 12,500 \\) in cash on hand on January 1 and has collected the following budget data: (Click on the icon to view the budget data.) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Booth has cash payments for selling and administrative expenses including salaries of \\( \\$ 40,000 \\) per month plus commissions that are \1 of sales, all paid in the month of sale. The company requires a minimum cash balance of \\( \\$ 20,000 \\). Prepare a cash budget for January and February. Round to the nearest dollar. Will Booth need to borrow cash by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February. (Complete all input fields. Enter a \" 0 \" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar.) Data table

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