Below are the forecasted cash receipts and cash payments for kaden company for the first four months of the year. january february march aprilbudgeted cash collections 100,000 80,000 75,000 146,000 budgeted cash payments: operating expenses 127,000 105,000 92,000 120,000dividends 0 20,000 0 0equipment purchase 0 40,000 0 0total budgeted cash payments 127,000 165,000 92,000 120,000on january 1, kaden company had a cash balance of $50,000. kaden has a policy of maintaining a cash balance of at least $10,000 at the end of each month. how much must kaden company plan to borrow in march? $14,000 $24,000 $17,000 $4,000 $7,000