The Carlquist Company makes and sells a product called Product K. The company has budgeted the following data for November: Sales of $1,150,000, all in cash. A cash balance on November 1 of $48,000. Cash disbursements (other than interest) during November of $1,160,000. A minimum cash balance on November 30 of $35,000. Required: Based on the cash budget, what is the ending cash balance for the month of November? Will Carlquist Company need to borrow money at the end of November to meet its minimum cash balance