Fulkron Manufacturing provides the following date excerpted from its 3rd quarter budget: The cash balance on June 30 is projected to be $10,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August. $43,000 $28,000 $35,000 $40,000 A3+ has prepared its 3rd quarter budget and provided the following data. The cash balance on June 30 is projected to be 54,000. The company has to maintain a minimum cash balance of $55,000 and is authorized at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balances should be repaid in increments of $5,000, whenever there is surplus cash. How much will the company have to borrow at the end of July? $0 $5,000 $15,000 $10,000