Boston Disk, Ine. sells the hard drives to BostonDisk for $80 per unit. a portable hard drive to local customers for $140 per unit. An overseas company supplies All sales are for cash and the company pays the supplier immediately. The company has budgeted the following data for the first quarter: JanuaryFebruary 500 March 2.100 Sales (in units) Cash, beginning balance Selling and administrative (of which depreciation, $5,000) Required minimum cash balance 2,000 $42,000 $205,000 $30,000 $205,000 $205,000 $30,000 $30,000 If necessary, the company will borrow cash from a bank through their credit line arrangement on the first day of each month. Assume that they can borrow in increment of $1,000, The bankrequires an interest payment at the end of each month at a monthly rate of 2%, starting from the first month wh n the company borrows cash what is the closest amount of cash balance on February 1? 7 S 30,959 S 30,600 30,920 D. S 30,340 30.600 So.oc oo.0 C. (200 E. None of the above