Clear my choice XYZ company is preparing its cash budget for the first quarter of the year. It has $10,000 in cash at the beginning of the period. Cash collections from customers for the quarter are budgeted at $28,000. Cash payment during the quarter for inventory purchases are budgeted at $25,000. The desired cash balance at th end of the quarter is $14,000. Other operating expenses for the quarter are budgeted at $20,000, which ncludes $3,000 depreciation. Cash expenses are paid in the month incurred. How much borrowing will the Company need during the quarter? Select one: Oa. $21,000 Ob. None of the given answers Oc. $24,000 Od. $10,000 O e. $18,000