Zelda Company budgeted the following transactions for September Sales collected in September Cash Operating Expenses Cash Purchases of Investments Cash Payment of Debt Depreciation on Operating Assets $ 150,000 105,000 75,000 15,000 12,000 The beginning cash balance was $50,000. The company desire to have a $25,000 ending cash balance. The surplus (or shortage) of cash before considering any borrowings in September would be $40,000 surplus $20,000 shortage There is no cash surplus or shortage $40,000 shortage