The Wallace Company must maintain a minimum cash balance of $30,000. At the beginning of February the companys cash balance was $50,000.

The budget for February is as follows:

Cash receipts $290,000

Cash disbursements $245,000

Cash dividend $30,000

Purchase machinery $55,000.

In February the Wallace Company will need to borrow

A $70,000

B $10,000

C $0

D $20,000