? 2 Clinton Company sells air purifiers to customers for $150 per unit. An overseas company supplies the purifiers for $80 per unit. All sales are for cash and the company pays the supplier immediately. The company has budgeted the following data for the first quarter January February March Sales (in units) 2,000 2,500 2,100 Cash, beginning balance $33,000 Selling and administrative (of which depreciation, $8,000) $205,000 $205,000 $205,000 Required minimum cash balance $20,000 $20,000 $20,000 3 If necessary, the company will borrow cash from a bank through their credit-line arrangement on the first day of each month. Assume that they can borrow in increment of $1,000. The bank requires an interest payment at the end of each month at a monthly rate of 1%, starting from the first month when the company borrows cash. What is the closest amount of cash balance on February 1? A. $ 30,959 B. $ 30,920 C. $ 20,550 D. $ 30,340 E. None of the above