Currently, Riley Architects Ltd. has cash of $4,400. In the next month, the company expects to earn.

Currently, Riley Architects Ltd. has cash of $4,400. In the next month, the company expects to earn revenues of $80,000 and collect 90% of these revenues. The company also expects to incur and pay expenses of $42,000 and to purchase equipment for $40,000. Prepare a cash budget for the month and determine if the company needs to seek any financing from a bank before the end of the month.