Yes Company Cash Budget Two Months Ended January 31 and February 28 \begin{tabular}{l|l|} \hline \hline Beginning cash balance \\ Cash receipts \\ \hline Cash available \\ Cash payments: \\ Purchases of merchandise inventory \\ Selling and administrative expenses \\ \hline Total cash payments \end{tabular} Yes Company has $15,000 in cash on hand on January 1 and has collected the following budgot data: (Click the icon to view the budget data.) Assume Yes has cash payments for selling and administrative expenses including salaries of $60,000 plus commissions of 3% of sales, all paid in the month of sale. The company requires a minimum cash balance of $11,000. Prepare a cash budget for January and February. Will Yes need to borrow cash by the end of February? Selling and administrative expenses Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance Data table