Assume a merchandising company provides the following information from its master budget for the month of May Cash balance, May 1 $ 20,000 Cash collections from customers $ 80,000 Cash disbursements for merchandise purchases $ 35,000 Cash disbursements for selling and administrative expenses $ 40,000 Depreciation included in the selling and administrative expense budget $ 5,000 If the company wishes to maintain a minimum cash balance of $30,000 at the end of every month, then its borrowings at the beginning of May will equal? Multiple Choice $0 $5,000 $10,000 $20.000