Sparks Corporation has a cash balance of $7,040 on April 1. The company must maintain a minimum cash balance of $6,500. During April, expected cash receipts are $67,800. Cash disbursements during the month are expected to total $73,240. Ignoring interest payments, during April the company will need to borrow:

rev: 07_01_2016_QC_CS-55011

$6,500

$4,900

$5,440

$1,600