Parwin Corporation plans to start January with $3,000 on hand. Their master budget shows estimated collections of $58,500 and estimated disbursements of $72,000 in January. They have a minimum cash balance requirement of $15,000. Select the correct statement below based on this data.

a. Parwin has a cash shortage of $10,500

b. Parwin needs to borrow $35,500 to meet its minimum cash balance

c. Parwin has a cash shortage of $25,500

d. Parwin should plan to borrow money in February to make up for its cash shortage