The following information is drawn from Royal Industries' cash budget:

Cash Receipts	$ 41,000
Beginning Cash Balance	$ 20,000
Cash Payments	$ 51,100
Desired Ending Cash Cushion	$ 15,000

If there is a cash shortage, the company borrows money. If a surplus occurs funds are used to repay loans or to invest in short-term assets. The company had no debt before January 1st. The amount "needed" to borrow or the amount "available" for repayment of debt in January would be

Multiple Choice

$9,900 available.

$5,100 needed.

$24,900 available.

$25,100 needed.