Hayley Company has the following forecasted cash receipts and cash payments for the first four months of the year. January February March April Budgeted Cash Collections $75,000 $60,000 $75,000 $146,000 Total Budgeted Cash Payments 97,000 107.000 82,000 90.000 On January 1, Hayley Company had a cash balance of $60,000. Hayley has a policy of maintaining a cash balance of at least $10,000 at the end of each month. Which one of the following represents the sequence of cash borrowings and repayments in February March, and April? Note: Ignore any interest on loans, and assume that Hayley repays loans as quickly as possible. O February $9.000 borrowing: March $7.000 borrowing: April. $16.000 repayment February. 519.000 borrowing: March, 57000 borrowing April, $26.000 repayment O February, 537.000 borrowin: March, $11.000 repayment: Aoril, 526,000 repayment February 547,000 borrowing: March, 57.000 borrowing: April 526.000 repayment February, 147,000 borrowing: March 521.000 repayment: April 526.000 repayment