Yosko has $14,000 in cash on hand on January 1 and has collected the following budget data: B (Click on the icon to view the budget data.) Assume direct labor costs and manufacturing overtiead costs are paid in the month incurred. Additionally, assume Yosko has cash payments for selling and administrative expenses including salaries of $80,000 per month plus commissions that are 1% of sales, all paid in the month of sale. The company requires a minimum cash balance of $1,000. 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 boxes. Enter a "O" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar.) Yosko Company Cash Budget Two Months Ended January 31 and February 28 January Data Table February Beginning cash balance 14000 January February Cash receipts Cash available $ 526,000 $ 563,000 502,400 Cash payments: 442,500 180,462 135,470 160,940 Sales Cash receipts from customers Cash payments for direct materials purchases Direct labor costs Manufacturing overhead costs includes depreciation of $1,300 per month) Purchases of direct materials 112,754 55,058 53,232 Direct labor Manufacturing overhead Selling and administrative expenses Total cash payments Ending cash balance before fi naricing Minimum cash balance desired Projected cash excess (deficiency) Print Done Financing: Borrowing Principal repayments Total effects of financing Ending cash balance Will Yosko need to borrow cash by the end of February? Yosko need to borrow cash by the end of February because the ending cash balance before financing is than the minimum cash balance required