You are preparing a cash budget for Safari Inc. for the first quarter of $2024.$ You have

summarized the following information.

Safaris projected cash balance at the beginning of January is $$105,000$ and the

company desires to maintain a balance of $$100,000$ at the end of each month. Will

Safari need to have a short$-$term loan in January? If yes, how much will Safari need?

No

Yes, $$18,000.$

Yes, $$118,000.$