A cash budget for the first three quarters of Beer Incorporated is given below 1000 omitted. The company requires a minimum cash balance of at least $5.000 to start each quarter necessary the company will borrow money from its bank to maintah balance. The company will pay no interest in Quarters 12 and 3. It will repay as much of borrowings as possible as soon as it has more than $5,000 in cash in a given quartet Suppose the company starts the first quarter with no bank debt. How much total bank debt does the company expect to have at the end of the the cuter? Cash Budget Quarter 1000 omitted) 1 2 3 $8 sa 120 06 2 55 06 OS 40 Cach balance beginning Add collections from customers Toscate Les disbursements Purchase of inventory Sering and serve expenses Louiment purchases Dividends Total asbursements Excess deficiency of cash avariable over disbursements Financing Borowing 45 52 12 . 2 10 2 2 Cance ending Multiple Choice $55,000 $45,000 $5,000 $15,000