Hilly Company budgeted the following transactions for April Year 2: Sales $ 200,000 Cash Operating Expenses 105,000 Cash Purchases of Investments 75,000 Cash Payment of Debt 15,000 12,000 Depreciation on Operating Assets The beginning cash balance is $50,000. Sales are on account and 75% of sales on account is collected in the month of sale. 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: A. $40,000 shortage. B. $20,000 shortage. $40,000 surplus. D. There is no cash surplus or shortage