Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $42,000. Budgeted cash receipts total $123,000 and budgeted cash disbursements total $117,000. The desired ending cash balance is $65,500. To attain its desired ending cash balance for May, the company needs to borrow:

$113,500

$0

$65,500

$17,500