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The controller of Arrowroot Company wishes to improve the company's control system by preparing a monthly cash budget. The folowing information relates to the month ending July 31, 2021 June 30, 2021, cash balance Dividends to be paid in cash in July Cash expenditures to be paid in July for operating expenses Depreciation experise Cash collections to be received Merchandise purchases to be paid in cash Equipment to be purchased for cash Arrowroot Company wishes to maintain a minimum cash balance of $120.000 39,000 81,100 12,00 193,000 119.900 45,580 50.de 3 Required: 1. Prepare a cash budget for the month ended July 21, 2021. indicating how much, if anything, Arrowroot will need to borrow to meet its minimum cash requirement. (Leave no cells blank - be certain to enter "0" wherever required.) ARROWROOT COMPANY Cash Budget for July 31, 2021 Total cash available before current financing Less disbursements Total disbursements Excess deficiency of cash available over disbursements Fencing brows Repayments interest Totallinancing 2. Supposing the cash management policy at Arrowroot permits borrowing up to $60,000 for the purpose of financial slack, how much will be borrowed? Borrowings 3. This part of the question is not part of your Connect assignment

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