Yosko has $12,500 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 Yosko 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 $10,000. Prepare a cash budget for January and February. Round to the nearest dollar. Will Yosko 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.) Yosko Company i Data Table X Cash Budget Two Months Ended January 31 and February 28 January January February Beginning cash balance Sales $ 530,000 $ 568,000 Cash receipts Cash receipts from customers 442,600 503,000 Cash available Cash payments for direct materials purchases 179,848 160,892 Cash payments: Direct labor costs 134,870 113,238 Purchases of direct materials Manufacturing overhead costs (includes depreciation of $1,100 per month) 55,994 53,232 Direct labor Manufacturing overhead Print Done Enter any number in the edit fields and then click Check Answer. ? 2 parts remaining Clear All Check