The Crescent Company, a Merchandising Company, Maintains a Minimum Cash

The Crescent Company, a merchandising company, maintains a minimum cash balance of $25,000.Budgeted items for the 1^st quarter of 2013 includes the following: $$\begin{array} { l l } \text { Beginning cash balance } & \$ 32,000 \\\text { Cash collections } & \$ 530,000 \\\text { Selling and Administrative Costs } & \$ 450,000 \\\text { Dividend Payment } & \$ 50,000 \\\text { Equipment Purchase } & \$ 90,000 \\\text { Depreciation expense } & \$ 10,000\end{array}$$ In order to maintain the minimum cash balance, the company will need to borrow:

A) $25,000
B) $28,000
C) $85,000
D) $53,000