Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,900. Budgeted cash receipts total $192,500 and budgeted cash disbursements total $191,800. The desired ending cash balance is $31,900.

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

Multiple Choice

$11,300

$0

$31,900

$52,500