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San Pedro Co is preparing a cash budget for March. The company has $30,000 cash at the beginning of March and anticipates $70,000 in cash

San Pedro Co is preparing a cash budget for March. The company has $30,000 cash at the beginning of March and anticipates $70,000 in cash receipts and $96,000 in cash disbursements during March. San Pedro has an agreement with its bank to maintain a cash balance of $10,000. What amount, if any, must the company borrow during March to maintain a $10,000 cash balance? Show your work for credit.

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