Lewis Ltd. is trying to decide whether it is going to need to take a loan in coming January to buy a new microcomputer system. The microcomputer will cost $10,710. The president, Edward Lewis, has collected the following information about her operations as at December 31 1. Balance of selected ledger accounts: Cash $3.570 Accounts payable 7.100 2. Sales history and forecast (unit selling price: $12); October (actual) $53,550 November (actual) 40.460 December (actual) 53,550 January (forecast) 71.400 3. 4 5. 6. All sales are on credit and are due 30 days after the sale. Cash payments for purchases are as follows: two-thirds in the month of purchase; one-third in the month after that. Lewis Ltd.collects 50% of a month's sales one month after the sale and 45% two months after the sale: 5% are uncollectible. The company purchases inventory as required under terms of 2/10, net 30. It always takes the 2% discount, but records purchases at gross cost. Inventory costs 56 per unit, gross. Other expenses, all paid in cash as incurred, average about 30% of the sales dollar amount. Depreciation is part of these expenses and costs $3,570 per month Lewis Ltd, koeps a minimum cash balance of $4,800, 7. 8. 9 Prepare a cash budget for January, Indicating whether Lemps Ltd. will need a loan to finance its computer acquisition (Enter negative amounts using either a negative sign preceding the number eg: 45 or parentheses es. (45). Round answers to O decimal places, eg, 5,275.)