Hilliard Company budgeted the following transactions for April Year 2: Sales (758 collected in month of sale) Cash operating expenses Cash purchases of investments Cash payment of debt Depreciation on operating assets $200,000 105,000 75,000 15,000 12,000 The beginning cash balance was $50,000. The company desires to have a $25,000 ending cash balance. The surplus (or shortage) of cash before considering any borrowings in April would be: Multiple Choice $40,000 surplus G $40,000 shortage $20,000 shortage There is no cash surplus or shortage