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 June 30, 2021, cash balance Dividends to be paid in cash in July Cash expenditures to be paid in July for operating expenses Depreciation expense Cash collections to be received Merchandise purchases to be paid in cash Equipment to be purchased for cash Arrowroot company wishes to maintain a minimus cash balance of 5110,000 34,00 711,600 11,000 100,000 112,400 44,000 50,000 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 21, 2021 Total cash available before current financing Loss disbursements Total disbursements Excess (Geficiency of cash available over disbursements Financing Borrowing Repayments interest Total financing 2. Suppouing the coon management concy of Arrowroot permite borowing up to $50.000 for the Drone of financial seck how such will be borrowed Bongs 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 June 30, 2021, cash balance Dividends to be paid in cash in July Cash expenditures to be paid in July for operating expenses Depreciation expense Cash collections to be received Merchandise purchases to be paid in cash Equipment to be purchased for cash Arrowroot company wishes to maintain a minimus cash balance of 5110,000 34,00 711,600 11,000 100,000 112,400 44,000 50,000 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 21, 2021 Total cash available before current financing Loss disbursements Total disbursements Excess (Geficiency of cash available over disbursements Financing Borrowing Repayments interest Total financing 2. Suppouing the coon management concy of Arrowroot permite borowing up to $50.000 for the Drone of financial seck how such will be borrowed Bongs