The following budgeted information is provided about a company for January 2024 : Assume the company pays for its selling and administrative expenses in the month incurred. Also assume that they desire a minimum ending cash balance of $35,000 and they are able to borrow up to $500,000 from a bank at any time at zero percent interest. How much must the company plan to borrow from the bank during January to have exactly the minimum desired cash balance at the end of January? $40,000 $80,000 $15,000 $55,000 None of the above