For May, Young Company has budgeted its cash receipts at 125,000 and its cash disbursements at 138,000. The company's cash balance on May 1 is 17,000. If the desired May 31 cash balance is 20,000, then how much cash must the company borrow during the month (before considering any interest payments)?
1) 4,000
2) 8,000
3) 12,000
4) 16,000