The controller of Bonita Company wants to improve the company's control system by preparing a month-by-month cash budget. The following information is for the month ending July 31, 2022. June 30, 2022, cash balance $52,200 Dividends to be declared on July 15* 13,920 Cash expenditures to be paid in July for operating expenses 47,328 Amortization expense in July 5,220 Cash collections to be received in July 104,400 Merchandise purchases to be paid in cash in July 65,192 Equipment to be purchased for cash in July 23,200 *Dividends are payable 30 days after declaration to shareholders of record on the declaration date. Bonita Company wants to keep a minimum cash balance of $29,000. (a) Prepare a cash budget for the month ended July 31, 2022, and indicate how much money, if any, Bonita Company will need to borrow to meet its minimum cash requirement. BONITA COMPANY Cash Budget $ $ $ $