Yes Company has $$9,000$ in cash on hand on January $1$ and has collected the following budget data:

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

Assume Yes has cash payments for selling and administrative expenses including salaries of $$66,000$ plus commissions of $2\%$ of sales, all paid in the month of sale. The company requires a minimum cash balance of $$8,500.$ Prepare a cash budget for January and February. Will Yes need to borrow cash by the end of Februarv?

Yes Company

Cash Budget

Two Months Ended January $31$ and February $28$

$\backslash$table$[[$Beginning cash balance,,$],[$Cash receipts,January,$],[$Cash available,,$],[$Cash payments:,,$],[$Purchases of merchandise inventory,,$],[$Selling and administrative expenses,,$]]$