A company is preparing its cash budget for the first quarter of the year. It has $8800 in cash at the beginning of the period. Cash sales for the quarter are budgeted at $181500. Selling and administrative expenses are budgeted at $58900, which includes $11500 depreciation. Cash expenses are paid in the month incurred. Cash payment for inventory purchases are budgeted at $135000. The desired cash balance on March 31 is $11100. How much financing will the company need during the quarter? $7900 $0 $3200 $3600