Western Company is preparing a cash budget for June. The company has $11,800 in cash at the beginning of June and anticipates $30,200 in cash receipts and $34,900 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must: Multiple Choice Borrow $2,900 Borrow $4.700 O Repay $2.900 Repay $7100 Borrow $10,000