Company A is preparing its budget for the third quarter. The following information has been compiled: July August September Cash collections $50,000 $40,000 $48,000 Cash payments Purchases of inventory 31,000 22,000 18,000 Operating expenses 12,000 9,000 11,600 Capital expenditures 13,000 25,000 The cash balance at the end of the second quarter is projected to be $4,000. The company is required to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000. All financing transactions are assumed to take place at the end of the month. Loan balances should be repaid in increments of $5,000 when there is surplus cash. What amount of principal should the company repay to the bank at the end of September? $5,000 $10,000 @ $15,000 $20,000 hp