Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $32,000. Budgeted cash receipts total $145,000 and budgeted cash disbursements total $144,000. The desired ending cash balance is $76,000. To attain its desired ending cash balance for December, the company needs to borrow: Any borrowing is in multiples of $1,000 and interest is paid in the month following the borrowing.

To attain its desired ending cash balance for December, the company needs to borrow: