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Question 13 4 pts Chattahoochee Company is preparing its cash budget for the second quarter of the year. It has 57.602 in cash at the

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Question 13 4 pts Chattahoochee Company is preparing its cash budget for the second quarter of the year. It has 57.602 in cash at the beginning of the period. Cash sales for the quarter are budgeted at $175,089. Selling and administrative expenses are budgeted at $55.440, which includes $11,724 depreciation and cash expenses are paid in the month incurred. Cash payment for inventory purchases are budgeted at $132,044. The desired cash balance on June 30 is $20,000. How much financing will the company need during the quarter (borrowing does NOT have to be in $1,000 increments)? $4,793 O $6,931 $13,069 $8,069 $0

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