The Following Information Was Taken from Hobson Company Cash Budget

Multiple Choice

The following information was taken from Hobson Company cash budget for the month of June $\begin{array}{lr}\text { Beginning cash balance } & \$ 180,000 \\\text { Cash receipts } & 174,000 \\\text { Cash disbursements } & 204,000\end{array}$ If the company has a policy of maintaining an end-of-the-month cash balance of $150,000, the amount the company would have to borrow is

A) $66,000.
B) $30,000.
C) $0
D) $90,000.