The controller of Bramble 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

$$54,900$

Dividends to be declared on July ${15}^{**}$

$14,640$

Cash expenditures to be paid in July for operating expenses

$49,776$

Amortization expense in July

$5,490$

Cash collections to be received in July

$109,800$

Merchandise purchases to be paid in cash in July

$68,564$

Equipment to be purchased for cash in July

$24,400$

$*$Dividends are payable $30$ days after declaration to shareholders of record on the declaration date.

Bramble Company wants to keep a minimum cash balance of $$30,500.$

$($a$)$

Prepare a cash budget for the month ended July $31,2022,$ and indicate how much money, if any, Bramble Company will need to borrow to meet its minimum cash requirement.

BRAMBLE COMPANY

Cash Budget