! Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Jordan Company as of October 1, year 2. Cash $ 20,500 Accounts receivable 69,000 Inventory 44,500 Store equipment 290,000 Accumulated depreciation $ 78,600 Accounts payable 76,500 Line of credit loan 190,000 Common stock 59,000 Retained earnings 19,900 Totals $ 424,000 $ 424,000 Required c. Indicate whether Jordan will need to borrow money during October by preparing October's Cash Budget. Note: Negative amounts should be indicated by a minus sign. Round your answers to the nearest whole dollar. Cash Budget for October Beginning cash balance $ 20,500 Add: Cash receipts 49,000 Cash available 69,500 Less: Payments Total budgeted payments Cash surplus (shortage) 0 Will Jordan need to borrow money during October? Yes