The controller of Marigold 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 $49,500 Dividends to be declared on July 15* 13,200 Cash expenditures to be paid in July for operating expenses 44,880 Amortization expense in July 4,950 Cash collections to be received in July 99,000 Merchandise purchases to be paid in cash in July 61,820 Equipment to be purchased for cash in July 22,000 * Dividends are payable 30 days after declaration to shareholders of record on the declaration date. Marigold Company wants to keep a minimum cash balance of $27,500. (a) Prepare a cash budget for the month ended July 31, 2022, and indicate how much money, if any, Marigold Company will need to borrow to meet its minimum cash requirement. LILY COMPANY Cash Budget $ $ $ > >