The controller of Oriole 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 $46,800 Dividends to be declared on July 15* 12,480 Cash expenditures to be paid in July for operating expenses 42,432 Amortization expense in July 4,680 Cash collections to be received in July 93,600 Merchandise purchases to be paid in cash in July 58,448 Equipment to be purchased for cash in July 20,800 *Dividends are payable 30 days after declaration to shareholders of record on the declaration date. Oriole Company wants to keep a minimum cash balance of $26,000. (a) Prepare a cash budget for the month ended July 31, 2022, and indicate how much money, if any, Oriole Company will need to borrow to meet its minimum cash requirement.