%. A cash budget for the first two quarters of a retail company 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 will borrow 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 bank debt. How much total bank debt does the company expect to have at the Cash Budget Quarter (000 omitted) Cash balance, beginning Add collections from customers Total cash available Less disbursements: s9 128 90 64 45 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 54 65 48 10 39 Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments Total financing Cash balance,ending a. $45,000 b. $41,000 d. e. $37,000 $39,000 None of the above