Below are the forecasted cash receipts and cash payments for Bednar Builders for the first four months of the year.

	January	February	March	April
Budgeted Cash Collections	$100,000	$80,000	$75,000	$146,000
Budgeted Cash Payments:
Operating Expenses	$127,000	$105,000	$92,000	$120,000
Dividends		$20,000
Equipment Purchases		$40,000
Total Budgeted Cash Payments	$127,000	$165,000	$92,000	$120,000

On January 1, Bednar Builders had a cash balance of $50,000. Bednar Builders has a policy of maintaining a cash balance of at least $15,000 at the end of each month and using any surplus cash to pay down loans.

How much must Bednar Builders plan to borrow in February?