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Western Company is preparing a cash budget for June. The company has $10,600 in cash at the beginning of June and anticipates $31,400 in cash receipts and $37,300 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31 , the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must: Multiple Choice Borrow $5,300, Borrow $5,900. Repay $4,700. Borrow $10,000. Repay $5,300