Q32) During December, the capital budget indicates a $279000 purchase of equipment for cash. The ending November cash balance is budgeted to be $40600. Cash receipts are $840200, and cash disbursements are $609900 during December. The company wants to maintain a minimum cash balance of $19700. What is the minimum cash loan that must be planned to be borrowed from the Bank during December?

$27800

$8100

$48700

$0