Dexler, Inc. has a cash balance at the beginning of January of $150,000, and it predicts the cash flows (in $1,000s) for the next six months as given below. Dexler must keep a cash balance of at least $100,000 at all times, and will use cash balances in excess of this minimum to reduce any outstanding loan balances. Which of the following statements is FALSE? Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet.xls Month Jan Feb Mar Apr May Jun Cash Inflows 100 120 150 320 350 240 Cash Outflows 150 180 200 290 180 240 The cash balance at the end of January is $100,000 The loan balance at the end of March is $110,000 The loan repayment at the end of May is $80,000 The cash balance at the end of June is $160,000