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Yancry has 511,500 in cash on hand on Jazuary 1 and has collected he following budget catar (Cick on the icon to vew the budgot

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Yancry has 511,500 in cash on hand on Jazuary 1 and has collected he following budget catar (Cick on the icon to vew the budgot data) Astume drect labor costs and manutacturng overhead couts are paid in the month incurred. Addeionaly, assume Yancey has cash poyments for seling and administrative expenses including salaries of 560,000 per month plus commissions that ase 1S of sales, all paid in the month of sale. The company requires a minimum cash balance of 55 , 000 . Prepare a cash budget for January and Febriary. Round to the nearest dolar Wit Yancey need to borrow cash by the end of February? Begin by preparng the cash budget for Januay, Een prepare the cash budpot for February. (Complwe al ingut feids. Enter a "o" for any zero balances. Round at amounts entared into the cash budget to the nearest whole dollar)

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