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Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $37,000. Budgeted cash receipts total $118,000 and budgeted cash

image text in transcribed Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $37,000. Budgeted cash receipts total $118,000 and budgeted cash disbursements total $112,000. The desired ending cash balance is $55,500. To attain its desired ending cash balance for March, the company needs to borrow: Multiple Choice $98,500 $0 $55,500 $12,500

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