Question 52 of 60 < -/2 E Donna is excited for her new start-up and visits the bank to open a business checking account. Her relationship manager at the bank, Kenneth, informs her about overall process and about the bank's requirement to maintain a minimum cash balance of $10000 in her account at all times. Kenneth also tells her about the easy access to lines of credit from the first day of the month, if the need for them arises. The annual interest on lines of credit is 10%, and it must be paid every month if there is an outstanding balance, but there is no need to make the principal payments each month. The following table provides additional information on this: Opening cash balance in July $10400 Closing cash balance in July $12800 Cash deposited in August $86400 Cash disbursements in August $90800 If Donna borrowed funds in increments of $100, then which of the following is correct for the month of August in the given scenario? Donna's books will show at least the sufficient amount of funds, and there will be no need to borrow. Donna can wait for next month's deposits; there is no need to borrow on a line of credit. Donna will borrow $1700 to maintain the minimum cash balance, and her books will show the budgeted ending cash balance of $10086. Donna will borrow $1600 to maintain the minimum cash balance, and her books will show the budgeted ending cash balance of $10000. C