Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $35,000. Budgeted cash receipts total $116,000 and budgeted cash disbursements total $110,000. The desired ending cash balance is $51,500. To attain its desired ending cash balance for May, the company needs to borrow:

$92,500

$0

$10,500

$51,500