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Sparks Company has a cash balance of $7.500 on April 1. The company must maintain a minimum cash balance of $6,000. During April, cash receipts

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Sparks Company has a cash balance of $7.500 on April 1. The company must maintain a minimum cash balance of $6,000. During April, cash receipts of $48,000 are planned. Cash disbursements during the month are expected to total $52,000. Ignoring Interest payments, how much the company needs to borrow during April? Multiple Choice O $4,000 $3,500 O $2,500

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