SIGMA is preparing its budgets for the month of April 2021. It has a cash balance of $25,000 at the end of March 2021. The company's sales are cashable according to the following ratios: 85% during the month of sale , 13% within a month, and 2% uncollectible. February, March, and April 2021 sales are $260,000, $150,000, and $230,000, respectively. Monthly operating costs would be $60,000, including a plant depreciation charge of $10,000. Operating costs are payable in cash. April merchandise purchases are expected to be $250,000, payable in cash. The company wants to maintain a minimum cash balance of $20,000 at the end of April. The company has a line of credit with the local bank. Loans are made at the beginning of the month and are repayable at the end of the month in the event of a cash surplus. The annual interest rate is 6% and interest is payable at the end of each month.

How much should the company borrow during the month of April? (If necessary, during the calculations, you do not consider the decimal places, example: 26,020.76= 26,020) A) $105,527 B) $85,106 C) No answer fits D) $80,402 E) $90,452