The controller of Arrowroot Company wishes to improve the companys control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021: June 30, 2021, cash balance $ 116,000 Dividends were declared on June 15* 37,000 Cash expenditures to be paid in July for operating expenses 80,100 Depreciation expense 11,600 Cash collections to be received 191,000 Merchandise purchases to be paid in cash 118,900 Equipment to be purchased for cash 44,900 Arrowroot Company wishes to maintain a minimum cash balance of 56,000 *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 "0" wherever required.)