Southland Company is preparing a cash budget for August. The company has $19,000 cash at the beginning of August and anticipates $124,800 in cash receipts and $138,500 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow:

Multiple Choice

• $0.
• $10,000.
• $4,700.
• $9,000.
• $29,000