Yem has $13,000 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 $70,000 per month plus commissions that are 1% of sales, all paid in the month of sale. The company requires a minimum cash balance of $5,000. 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{tabular}{lrr} \hline & January & February \\ \hline Sales & 535,000 & $568,000 \\ Cash receipts from customers & 442,700 & 502,100 \\ Cash payments for direct materials purchases & 179,848 & 161,104 \\ Direct labor costs & 134,870 & 113,348 \\ Manufacturing overhead costs (includes depreciation of & 55,994 & 53,232 \\ \hline 1,100 per month) & & \\ \hline \end{tabular}