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Sparks Corporation has a cash balance of $12,300 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash

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Sparks Corporation has a cash balance of $12,300 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash receipts are $56,000. Cash disbursements during the month are expected to total $64,000. Ignoring Interest payments during April the company will need to borrow: Multiple Choice $5,700 O $4.300 $10,000 O $8.000

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