new microcomputer system. The microcomputer will cost $10,350. The president, Donald Martin, has collected the following information about her operations as at December 31: 1. Balance of selected ledger accounts: 2. Sales history and forecast (unit selling price, $12 ): 3. All sales are on credit and are due 30 days after the sale. 4. Cash payments for purchases are as follows: two-thirds in the month of purchase; onethird in the month after that. 5. Martin Ltd. collects 50% of a month's sales one month after the sale and 45% two months after the sale; 5% are uncollectible. 6. The company purchases inventory as requi/ed under terms of 2/10, net 30 . It always take the 2% discount, but records purchases at gross cost. 7. Inventory costs $6 per unit, gross. 8. Other expenses, all paid in cash as incurred, average about 30% of the sales dollar amour Depreciation is part of these expenses and costs $3,450 per month. 9. Martin Ltd. keeps a minimum cash balance of $4,600. 8. Other expenses, all paid in cash as incurred, average about 30% of the sales dollar amount. Depreciation is part of these expenses and costs $3,450 per month. 9. Martin Ltd. keeps a minimum cash balance of $4,600. Prepare a cash budget for January, indicating whether Martin Ltd. will need a loan to finance its computer acquisition. (Enter negotive amounts using elther a negative sign preceding the number eg. -45 or parentheses es. (45). Round answers to O decimal places, eg. 5, 275.)