Jaborosa, Inc., a merchandising company, has provided the following budgeted amounts for the next budget period. Beginning cash balance $30,400 Cash collections 680,000 Payments for: Purchases of merchandise inventory 349,700 Selling and administrative expenses 70,500 Capital expenditures. 89,000 A minimium cashbalanc of $250,000 is required to be maintained. The company can borrow in increments of $10,000 as and when required. Assume the company can borrow the needed funds at the end of the period. Calculate the ending cash balance for the budget period. *Please show explanation and work. Answer choices A) $730,0000 B) $251,200 C) $710,400 D) $201,200