The Arkansas Company makes and sells a product called Product K. Each unit of Product K sells for $33 and has a unit variable cost of $0. The company has the following budgeted data for November Sales of $1,242,200, all in cash A cash balance on November 1 of $57,900. Cash disbursements (other than interest during November of $1,250,000. A minimum cash balance on November 30 of $79,000 If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of $1,000 and will bear interest at 2% per month. All borrowing I will take place at the beginning of the month. The November interest will be paid in cash during November The amount of cash needed to be borrowed on November 1 to cover all cash disbursements and to obtain the desired November 30 cash balance is (Round up your answer to nearest multiple of $1,000) Multiple Choice $45,000. $30,000