You have the following information on Spann Company. Beginning cash balance for July: $80,000 Budgeted cash receipts for July: $95,000 Budgeted cash disbursements for July: $120,000 Minimum cash balance desired at the end of the month: $50,000 How much will Spann Company borrow during July to meet budgeted cash disbursements and have the minimum cash balance at the end of the month? $10,000 $15,000 $20,000 No borrowing needed