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Question 10 (7 points) Southern Company is preparing a cash budget for April. The company has $12,000 cash at the beginning of April and anticipates

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Question 10 (7 points) Southern Company is preparing a cash budget for April. The company has $12,000 cash at the beginning of April and anticipates $30,000 in cash receipts and $34,500 in cash disbursements during April. Southern Company has an agreement with its bank to maintain a minimum cash balance of $10,000. To maintain the required balance during April, the company must borrow $4,500 borrow $2,500 O borrow $7.500 O borrow $5,000

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