The water Oh Nov Deco 45.000 purchases pounds) 90.000 000 materials inventory at the ende h methal 20% of the best qua 's production als 20% of the quando The company that I m ate the beginning of October is buted to be 1.000 de November's buted production 65.000 51.000 units 15.000 55.000 units None of the above E 2 Knox, Inc. is planning to end January with a cash balance of 536,000 and no outstanding debt. For February, budgeted cash receipts total $110,000 and budgeted cash disbursements total $120,000. The company has an arrangement with its bank to borrow any amount on the first of any month, but the bank requires cash payment of 1% monthly interest on the outstanding borrowing at the end of each month. Knox is heading into its busy season and would like to build its cash reserves. If the company desires a February minimum ending cash balance of $60,000, to the nearest dollar, the minimum amount they would need to borrow at the beginning of the month is closest to be: A. S 14,000 B. S 33,664 34,344 D. $ 70,708 E. None of the above