Blake Company has $21,000 cash at t he beginning of June and anticipates $60.800 in cash receipts and $40,500 in cash The company requires a minimum cash balance of $26,000. Any excess cash over the minimum desired balance is eded or to repay loans as funds become available. used to pay down debts. Blake has an agreement with its bank to borrow as ne May 31, the company owes $21,000 to the bank. The balance of the loan on June 30 will be: Multiple Choice $10,700 $5,700. $36,300. $21,000 $26,700