QS $20-23($Algo$)$ Cash budget LO P$2$

Santos Company is preparing a cash budget for February. The company has $$19,000$ cash at the

beginning of February and budgets $$73,000$ in cash receipts from sales and $$119,000$ in cash payments

during February. Prepare the cash budget for February assuming the company maintains a $$5,000$

minimum cash balance and will take a loan if necessary to maintain this balance. The company has no

loans outstanding on February $1.($Negative cash balances, if any, should be indicated with minus sign.$)$