21. Sparks Corporation has a cash balance of $5,720 on April 1. The company must maintain a minimum cash balance of $5,500. During April, expected cash receipts are $63,200. Cash disbursements during the month are expected to total $67,760. Ignoring interest payments, during April the company will need to borrow:

rev: 07_01_2016_QC_CS-55011

$4,340

$4,560

$5,500

$1,160