A cash budget for the first three quarters of Brister Incorporated is given below (000 omitted. The company requires a minimum cash balance of at least $5,000 to start each quarter. If necessary, the company wiborrow money from its bank to maintain this balance. The company will pay no Interest in Quarters 1.2 and 3. It will repay as much of its borrowings as possible as soon as it has more than $5.000 in cash in a given quarter 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 third quarter? Cash Budget Quarter (000 omitted) 1 2 3 Cash balance, beginning $7 Add collections from customers 127 87 Total cash available 2 Less dlsbursements: 55 66 65 40 45 52 10 12 2 2 2 Purchase of Inventory Se ng and administrative expenses Equipment purchases Dividends Total disbursements Excess (deficiency of cash avaliable over disbursements Financing Borrowings Repayments Total financing Cash balance, ending Multiple Choice $4,000 $15.000 $44,000 $55,000