The controller of Crane 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. "Dividends are payable 30 days after declaration to shareholders of record on the declaration date. Crane Company wants to keep a minimum cash balance of $20,000. (a) Prepare a cash budget for the month ended July 31,2022, and indicate how much money, if any, Crane Company will need to borrow to meet its minimum cash requirement. CRANE COMPANY Cash Budget For the Month Ended July 31, 2022 Less : Cash Disbursements Merchandise Purchases Eouipenent Purchase Total Cash Disbursements Excess of available cash over disbursements : $ Equipment Purchase Total Cash Disbursements Excess of available cash over disbursements f eTextbook and Media Save for Later Attempts: 0 of 3 used Submit