In the month of April, a firm had total cash receipts of $20.000, total cash disbursements of $16.000, depreciation expense of $2.000, a minimum cash balance of $6.000, and a beginning cash balance of $1.000. At the end of April, the firm required total financing of $1.000 >> B had an excess cash balance of $1,000 C had an excess cash balance of $500 D required total financing of $1,500 E required total financing of $500