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*Please show me how to solve this step by step!* Thank you! The following information was taken from Concord Corporation's cash budget for the month

*Please show me how to solve this step by step!* Thank you!

The following information was taken from Concord Corporation's cash budget for the month of July:

Beginning cash balance $520000

Cash receipts 334000

Cash disbursements 554000

If the company has a policy of maintaining a minimum end of the month cash balance of $440000, the amount the company would have to borrow is

$300000.

$106000.

$140000.

$80000.

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