Question 1 Jones Inc. has a beginning cash balance of $4,000 on March 1st. During the month of March, the total Cash Receipts were $ 80,000 and total Cash Disbursements were $ 90,000. The company is required to maintain a minimum cash balance of $3,000 at the end of every month. Money can be borrowed in multiples of $1,000. The loan balance on March 1st was $8,000. REQUIRED: What will be the cumulative loan balance on March 31st? (assuming no interest payments were required) O a. $ 14,000 O b. $ 22,000 O c. $ 17,000 O d. $ 5,000