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The Mason Company produces and expects to sell 10,600 units of its product Variable selling and administrative expense is $3.70 per unit sold and fixed selling and administrative expense is $50,000 per month. Included in the $50,000 fixed selling and administrative expense is a depreciation of $20,000. The budgeted selling and administrative cash payments for November is: $89,220. $39,480. $69,220. $39,220. Kason Incorporated is working on its cash budget for the period. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $175,000 and budgeted cash disbursements total $174,000. The desired ending cash balance is $50,000. The budgeted amount of borrowing is: $3,000. $0. $5,000. $4,000