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The controller of Afrowroot Company wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month

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The controller of Afrowroot 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 : "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 anyihing. Arrowroot will need to borrow to meet its minimum cash requirement. (Leave no cells blank - be certain to enter "O" wherefger required.)

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