The following information has also been provided by GH Inc.: All sales are made in cash for $10 per unit. For the month of January, direct material cash costs were $70,000, direct labour cash costs were $50,000, MOH cash costs were $60,000, cash selling and administration costs were $100,000, depreciation expense on factory equipment was $10,000, depreciation expense on the office building was $30,000. At the end of December, GH Inc. had a cash balance of $20,000. That is the minimum balance required. GH Inc. has a $100,000 line of credit. The interest expense is 12% on the outstanding amount borrowed, payable on July 31st and December 31st. Any amount borrowed is borrowed on the first of the month, and repayments are made on the last day of the month. Required: Prepare a cash budget for January