In April 2023, a firm had an ending cash balance of R35 000. In May, the firm had total cash receipts of R40 000 and total cash disbursements of R50 000.The minimum cash balance required by this firm is R25 000. At the end of May, the firm had ... 1. no excess. 2. a required financing of R25 000. 3. a required financing of R10 000. 4. an excess cash balance of R25 000