Hilliard Company budgeted the following transactions for April Year 2 $250, eee Sales (75% collected in month of sale) Cash Operating Expenses Cash Purchases of Investment Cash Payment of Debt Depreciation on Operating Assets 110,000 se, eee 20, eee 22, eee The beginning cash balance was $60,000. The company desires to have a $65,000 ending cash balance. The surplus for shortage) of cash before considering any borrowings in April would be: Multiple Choice $55,000 surplus O $55,000 shortage $55.000 surplus O $55,000 shortage. D $27,500 shortage. There is no cash surplus or shortage