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 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 $20,000 $0 $25,000 $5,000