Bantam Industries has the following Cash Budget information for March: Cash receipts $291,000 Beginning cash balance 10,000 Cash payments 310,000 Desired ending cash balance 30,000 If there is a cash shortage, the company borrows money from the bank (via a short term "Credit Line"). Any cash needs are borrowed at the beginning of the month in $1,000 increments, and interest is paid monthly at 1% on the first day of the following month. The company had no debt before March 1 How much cash. If any, will the company need to borrow in March to maintain an adequate cash balance (as required by mgmt? Multiple Choice $32,500 The company should not need to borrow any cash in March $6.500 $39,000