The Carlquist Company makes and sells a product called product K. Each unit of Product K sells for $21 and has a unit variable cost of $14. The company has budgeted the following data for November: Sales of $1018,500, all in cash. A cash balance on November 1 of $37000. Cash disbursements (other than interest) during November $1,016,900 A minimum cash balance on November 30 of $60,000 If necessary the company will borrow cash from a bank. The borrowing will be in multiplies of $1,000 and will bear interest at 2 per month. All borrowing 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 1to cover all cash disbursements and to obtain desired November 30 cash balance is $11,000 $22,000 $21,000