A company is preparing its cash budget for the first quarter of the year. It has $6,000 in cash at the beginning of the period. Cash collections from customers for the quarter are budgeted at $30,000 Cash payment during the quarter for inventory purchases are budgeted at $27,000. The desired cash balance at the end of the quarter is $5,000. Other operating expenses for the quarter are budgeted at $12,500, which includes $2.500 depreciation. Cash expenses are paid in the month incurred. How much borrowing will the company need during the quarter