Saved Help Save & Exit Bantam Industries has budgeted the following information for March t Cash receipts Beginning cash balance Cash payments Desired ending cash balance 00-2105 $271,000 5,000 280,000 25,000 If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments, and interest is paid monthly at 1% on the first day of the following month. The company had no debt before March 1. How much cash will the company need to borrow in March? Multiple Choice $4,000 $29.000 previous Multiple Choice $4,000 $29,000 $25,000 The company should not need to borrow any cash in March