Ferguson Company is preparing a cash budget for September. The company's cash balance on September 1 is $34,800. The company anticipates cash receipts of $167,700 and cash disbursements of $175,980. If Ferguson desires a cash balance of $36,000, it must

Select one:

a. acquire financing of $1,200.

b. acquire financing of $9,480.

c. acquire financing of $7,080.

d. acquire financing of $27,720.