The following information pertains to the October operating budget for Compass Corporation. - The cash balance on October 1 is $20,000 - Budgeted sales for October $100,000 and November $200,000. - Collections for sales will be $50,000 for October. - COGS to be paid in the month of the sale 60% of sales. - Administrative costs are $10,000 each month. - No loans are outstanding on October 1 - The Company must maintain a minimum cash balance of $20,000 How much will Compass Corporation need to borrow in October? $10.000 $20,000 $0 None of the above