The following information was extracted from the May Cash Budget of Hair Stars, a groom pad for men and women:

Budget of Hair Stars, a groom pad for men and women:

Excess of cash available over disbursements

P 800

Cash balance, May 1

10,100

Total cash disbursement for May

32,500

If the business is required to maintain a minimum cash balance of P10,000, how much money should be borrowed in May?

a. P23,000

b. P22,000

c. P10,000

d. P9,200