Below are the forecasted cash receipts and cash payments for Lexa Company for the first four months of the year. January February March April Budgeted Cash Collections $79.000 $54.000 $61.000 $131.000 Budgeted Cash Payments: Operating Expenses $93.000 $61,000 $63,000 $98,000 Dividends O O 5,600 o Equipment Purchase 0 O 10,000 Total Budgeted Cash Payments $93,000 $61,000 $78,600 $98,000 On January 1, Lexa Company had a cash balance of $7,000. Beginning this year, Lexa has decided to have a policy of maintaining a cash balance of at least $15,000 at the end of each month. Lexa plans to pay back loans as soon as possible. So, if Lexa has surplus cash in any month, that cash will be used to repay any outstanding loans. Also, assume that there is no interest in Lexa's loans and that Lexa had no loans outstanding at the beginning of the year. How much of the loan can Lexa repay in April? O $48,000 O $33,000 O $17,600 O $15,000