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Sultan Sundries must maintain a minimum cash balance of $ 3 4 , 0 0 0 . At the beginning of February the company s

Sultan Sundries must maintain a minimum cash balance of $34,000. At the beginning of February the companys cash balance was $60,000. The budget for February is as follows:
Total cash receipts $250,000
Total cash disbursements $245,000
Net income $50,000
Purchase machinery by signing a note $35,000
During February, how much will Sultan need to borrow?
$50,000
$4,000
$0
$25,000

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