Thomas Company has $10,000 in cash on hand on January 1 and has collected the folowing budget data: (Click the icon to view the budget data.). Assume Thomas has cash payments for selling and administrative expenses including salaries of $32.000 plus commissions of 2% of sales, all paid in the month of sale. The company requires a minimum cash balance of $9.500. Prepare a cash budget for January and February. Will Thomas need to borrow cash by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February (Complete all inpot fields. Enter a "0. for any zero balances ) Company has $10,000 in cash on hand on January 1 and has collected the following budget data: ck the icon to view the budget data.) Data table ons of 2% of sa iter a "0" for any Will Thomas need to borrow cash by the end of February? Thomas need to borrow cash by the end of February