Snake River Sports, Inc., a retailer, has provided the following budgeted amounts for the next month. Beginning cash balance Cash collections $24,350 12,500 Payments for: Inventory purchases 4,000 Selling and administrative expenses 6,800 Capital expenditures 2,900 Snake River wants to maintain a minimum ending/beginning cash balance of $24,000 each month. It can borrow in increments of $10,000 as and when required. Assume it borrows needed funds on the last day of each month, and that is has no borrowings outstanding at the beginning of the current month. Based on this information, calculate Snake River's budgeted ending cash balance for the month above. O $24,000 O $33,150 O $30,000 O $28,150