23. The following information was taken from Sloan Company's cash budget for the month of July: Beginning cash balance Cash receipts Cash disbursements $240,000 152,000 272,000 If the company has a policy of maintaining a minimum end of the month cash balance of $200,000, the amount the company would have to borrow is: b. 40,000 d. 48,000 80,000 $120,000