Zelda company makes swords and has budgeted the following information for October Cash receipts $ 311,000 Beginning cash balance 15,000 Cash payments 340,000 Desired ending cash balance 35,000 If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments, and interest is paid monthly at 1% on the first day of the following month. The company had no debt before October 1. How much cash will the company need to borrow in October $40,000 39,000 $49,000 The company should not need to borrow any cash in March