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The following information is drawn from Royal Industries' cash budget Cash Receipts Beginning Cash Balance Cash Payment Desired Ending Cash Cushion $40,000 $10,000 $48.000 $ 5,000 If there is a cash shortage, the company borrows money. If a surplus occurs funds are used to repay loans or to invest in short-term assets. The company had no debt before January 1st. The amounted "needed to borrow or the amount available" for repayment of debt in January would be Multiple Choice $2.000 available $3.000 needed $7.000 available. $13.000 needed