Below are the forecasted receipts and cash payments from Augusta Company for the first four months of the year:

	January	February	March	April
Budgeted Cash Collections	$243,000	$382,000	$471,000	$605,000
Budgeted Cash Payments:
Operating Expenses	$606,000	$849,000	$803,000	$386,000
Dividends		$229,000
Equipment Purchases			$164,000
Total Budgeted Cash Payments	$606,000	$1,078,000	$967,000	$386,000

On January 1, Augusta Company had a cash balance of$327,000. Augusta Company implemented a new policy this year mandating a cash balance of at least $378,000 at the end of each month and using any surplus to pay down loans.

How much of its outstanding loans must Augusta Company plan to repay in April?