Western Company is preparing a cash budget for June. The company has $11,700 in cash at the beginning of June and anticipates $30,300 in cash reciepts and $35,100 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:

Repay $3,100

Borrow $4,800

Borrow $3,100

Repay $6,900

Borrow $10,000