BaseballCorporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,100. Budgeted cash receipts total $188,500 and budgeted cash disbursements total $190,200. The desired ending cash balance is $31,100.

To attain its desired ending cash balance for January, the company should borrow:

Multiple Choice

• $0
• $48,500
• $31,100
• $13,700