Southland Company Is Preparing a Cash Budget for August

Southland Company is preparing a cash budget for August.The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts and $134,500 in cash payments during August.Southland Company wants to maintain a minimum cash balance of $10,000.To maintain the minimum cash balance of $10,000,the company must borrow:

A) $0.
B) $10,000.
C) $6,700.
D) $7,000.
E) $27,700.