The controller of Big River Inc. wishes to improve the companys control system by preparing a monthly cash budget. The following information relates to the month ending May 31, 2024: April 30, 2024, cash balance $ 128,000 Dividends were declared on April 15* 43,000 Cash expenditures to be paid in May for operating expenses 83,100 Depreciation expense 12,800 Cash collections to be received 197,000 Merchandise purchases to be paid in cash 121,900 Equipment to be purchased for cash 46,700 Big River wishes to maintain a minimum cash balance of 68,000 *Dividends are payable to shareholders of record on declaration date, 30 days after declaration. Required: 1. Prepare a cash budget for the month ended May 31, 2024, indicating how much, if anything, Big River will need to borrow to meet its minimum cash requirement. (Leave no cells blank - be certain to enter "0" wherever required.) 2. Supposing the cash management policy at Big River permits borrowing up to $68,000 for the purpose of financial slack, how much will be borrowed? 3. This part of the question is not part of your Connect assignment