Yordi has $14,000 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 Yordi has cash payments for selling and administrative expenses including salaries of $50,000 per month plus commissions that are 3% 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 Yordi 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.) Yordi Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance Data Table Cash receipts Cash available Cash payments Purchases of direct materials Sales Direct labor Manufacturing overhead Cash receipts from customers Cash payments for direct materials purchases Direct labor costs Manufacturing overhead costs (includes depreciation of $900 per month) Selling and administrative expenses January February $ 532,000 $ 568,000 442,700 502,000 180,624 160,366 134,750 112,626 55,366 53,348 Print Done Total cash payments Ending cash balance before fiOnancing Minimum cash balance desired Projected cash excess (deficiency) Financing Borrowing Principal repayments Total effects of Ofinancing Ending cash balance Enter any number in the edit fields and then click Check