The controller of Optimum wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021: *Dividends are payable to shareholders of record on declaration date, 30 days after declaration. Required: 1. Prepare a cash budget for the month ending July 31,2021 , indicating how much, if anything, Optimum will need to borrow to meet its minimum cash requirement. (Leave no cells blank - enter "0" wherever required). (Click to select) The income statement allows cash shortfalls and cash surpluses to be predicted Cash budgeting is not required for not-for-profit sectors Accuracy is required when preparing budgets Cash budgets are not part of financial budgets The balance sheet budget is prepared after the preparation of the cash budget