The following information was taken from Hobson Company cash budget for the month of june

Beginning cash balance……………………….$180,000

Cash receipts…………………………………...174,000

Cash disbursements…………………………....204,000

If the company has a policy of maintaining an end-of- the- month cash balance of $150,000, the amount the company would have to borrow is

a. $66,000.

b. $30,000.

c. $0

d. $90,000.