Blossom Company has the following cash budget information available for the month of August:

Beginning cash balance		$133,000
Cash receipts from sales and collections on account		118,000
Collection of note receivable and interest		8,900
Cash disbursements for operating expenses		97,900

If the company has a policy of maintaining an end of the month cash balance of $103,000, determine the amount the company would have to borrow or the amount of excess cash it will have to invest in August.

The company would have to invest

$