During December, the capital budget indicates a $280500 purchase of equipment for cash. The ending November cash balance is budgeted to be $40400. Cash receipts are $839100, and cash disbursements are $610500 during December. The company wants to maintain a minimum cash balance of $20800. What is the minimum cash loan that must be planned to be borrowed from the bank during December? $51900 $11500 $32300 $0