12 New Oregon Farm Supply is preparing their budget for the next two quarters. The company requires a minimum cash balance of at least $6,000 at the end of each quarter The company can borrow money at the beginning of each quarter from their local bank in increments of $1,000 at an interest rate of 1.5% per quarter. The bank requires cash interest payment at the end of each quarter until the principal is repaid. Second Quarter 80,000 66,000 First Quarter Cash balance, beginning Cash collection from customers Cash disbursements 7,500 67,000 Purchase of Inventony Selling and administrative expenses 53,000 26,000 28,000 What is the ending cash balance for the first quarter? A. $ 5,835 B. 6,335 C. $ 6,000 6,500 E. None of the above