Assume a merchandising company provides the following information from its master budget for the month of May: Cash balance, May 1 Cash collections from customers Cash disbursements for merchandise purchases Cash disbursements for selling and administrative expenses $20,000 $80,000 $35,000 $40,000 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 $5,000 $0 $25.000 $20,000