Coles Services, Inc., has $$8,000$ cash on hand on July $1.$ The company requires a minimum cash balance of $$7,200.$ July cash collections are $$548,510.$ Total cash payments for July are $$578,290.$ Prepare a cash budget for July. How much cash, if any, will Coles need to borrow by the end of July?

Complete the cash budget below. $($Use parentheses or a minus sign for negative ending cash balances or deficiencies.$)$

Coles Services, Inc.

Combined Cash Budget

For the Month Ended July $31$

$\backslash$table$[[$Beginning cash balance,$8,000],[$Plus: Cash collections,$548,510],[$Total cash available,$556,510],[$Less: Cash payments,$578,290],[$Ending cash balance before financing,$(21,780)$