Question Completion Status: Save Answer Question 7 3 points Lancer Company's summary of it's budget cash flows is given below. 1st Quarter 200 Quarter 3rd Quarter 4th Quarter Total receipts $180,000 $340,000 $230,000 $260,000 Total cash disbursement $240,000 $270,000 $200,000 $250,000 Beginning cash balance for upcoming fiscal year, 516,000 Minimum cash balance required, $15.000 Interest rate 2% per quarter. Repay loan at the end of 2nd quarter. Interest is due on any principal at the time it is paid. Interest is not compounded. How much is the amount of loan that you would borrow in the 1st quarter ? AS 44000 550.000 C315.000 D. None of the above calate ; / / 1 VETRINUTOPU | p | F | G | HI | N M command option