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During December, the capital budget indicates a $280200 purchase of equipment for cash. The ending November cash balance is budgeted to be $39600. Cash receipts

During December, the capital budget indicates a $280200 purchase of equipment for cash. The ending November cash balance is budgeted to be $39600. Cash receipts are $839900, and cash disbursements are $610400 during December. The company wants to maintain a minimum cash balance of $20300. What is the minimum cash loan that must be planned to be borrowed from the Bank during December?

$11100

$50700

$31400

$0

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