Yosko has $15,500 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 1% 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. W 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 a amounts entered into the cash budget to the nearest whole dollar.) Yosko Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance Cash receipts Cash available Cash payments $ 15,500 442,800 458,300 180,526 135,130 3,848 Purchases of direct materials Direct labor Manufacturing overhead 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 442,800 458,300 Data Table January February Sales Cash receipts from customers Cash payments for direct materials purchases Direct labor costs Manufacturing overhead costs (includes depreciation of $1,400 per month) $529,000 $ 570,000 502,300 160,752 13,010 442,800 180,526 135,130 55,248 53,124 Print Done