Loachapoka Company budgeted the following transactions for April 2004: Sales (75% collected in month of sale) $200,000 Cash Operating Expenses 105,000 Cash Purchases of Capital Investment 75,000 Cash Payment of Dividends 20,000 Depreciation on Operating Assets 15,000 The beginning cash balance was $50,000. The company desires to have a $25,000 ending cash balance. What is the amount of the borrowing (repayment)?

a. Repayment $50,000
	b.	There is no borrowing or repayment.
	c.	Borrowing $40,000
	d.	Borrowing $25,000