A company is preparing its cash budget for the first quarter of the year. It has $8400 in cash at the beginning of the period. Cash sales for the quarter are budgeted at $183500. Selling and administrative expenses are budgeted at $59000, which includes $11500 depreciation. Cash expenses are paid in the month incurred. Cash payment for inventory purchases are budgeted at $138500. The desired cash balance on March 31 is $11100. How much financing will the company need during the quarter?

$5900

$5200

$5600

$0