tion 9 yet vered ked out of lag question XYZ company is preparing its cash budget for the first quarter of the year. It has $10,000 in cash at the beginning of the period. Cash collections from customers for the quarter are budgeted at $28,000. Cash payment during the quarter for inventory purchases are budgeted at $25,000. The desired cash balance at the end of the quarter is $11,000. Other operating expenses for the quarter are budgeted at $20,000, which includes $3,000 depreciation. Cash expenses are paid in the month incurred: How much borrowing will-the company need during the quarter? Select one: a. $21,000 b. $18,000 Oc. c. None of the given answers O d. $15,000 O e. $7,000 Time left 1:38:54 Type here to search O ift 15 4) ENG 12:42 02/01/2021