Great Skot Expects to Have Cash Receipts in June of $532,160

Multiple Choice

Great Skot expects to have cash receipts in June of $532,160. Skot's cash disbursements in June are $581,720, including an interest payment on a bond issue of $32,000. If Skot wishes to maintain a cash balance of $40,000, how much will Skot need to borrow if it started the month with a cash balance of $52,000?

A) Surplus of $2,440-will not need to borrow
B) Surplus of $34,440-will not need to borrow
C) Will need to borrow $5,560
D) Will need to borrow $37,560