QUESTION 29 Sherman Company is preparing a cash budget for June. The company's cash balance on June 1 is $6,800. The company anticipates cash receipts of $16,000 and cash disbursements of $18,200. Sherman has a policy to maintain a cash balance of $5,000. Sherman's cash buget for June will require a projected financing amount of A. 400 B. 5,000 C. 7,200 D.O