Yem has $$12,000$ in cash on hand on January $1$ and has collected the following budget data:

$($Click on the icon to view the budget data.$)$

Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yem has cash payments for selling and administrative expenses including salaries of $$40,000$ per month plus commissions that are $2\%$ of sales, all paid in the month of sale. The company requires a minimum cash balance of $$10,000.$ Prepare a cash budget for January and February. Round to the nearest dollar. Will Yem 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 input fields. Enter a $"0"$ for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar.$)$

$\backslash$table$[[$Yem Company$],[$Two Months Ended January $31$ and February $28,],[$Beginning cash balance,$],[$Cash receipts,$],[$Cash available,$],[$Cash payments:,$],[$Purchases of direct materials,$],[$Direct labor,$],[$Manufacturing overhead,$],[$Selling and administrative expenses,$],[$Total cash payments,$]]$

Data table

$\backslash$table$[[,$January,February$],[$Sales$,$$$531,000,$$$565,000$