A cash budget for the first three quarters of Brister Incorporated is given below 1000 omitted. The company requires a minimum cash balance of at least 55,000 to stari cach quarter. If necessary, the company wil borrow money from his bank to maintain this balance. The company wil pay no interest in Ouarters 1, 2 and 3. It will pay as much of its borrowings 2 pcs as possible as soon as the more than $5,000 in cash in a given quarter. Supause the company starts the first quarter with no bank daat. How much tatal bank debt does the company expect to have at the end of the third quarter Cash Budget Quarter 1000 omitted) 881281 87 Cash balance, beginning Add colections tors from customers Totel cash available Less disbursements: Purchase of inventory Selling and administratie espenser Equipment purchases 50 41 Monde" z Total disbursements Estes deficiency of cash uvalable over clsbursements Frencing Borawings Repayments Total Financing Cash belance ending Multiple Choice O 342.000 0 $16000 0 0 0 0 $6.000 O $52000