Bantam Industries has budgeted the following information for March: Cash receipts Beginning cash balance Desired ending cash balance Cash payments $ 271,000 5,000 280,000 25,000 Help Save & Exit If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments, and interest is paid monthly at 1% on the first day of the following month. The company had no debt before March 1. How much cash will the company need to borrow in March?