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During December, the capital budget indicates a $279300 purchase of equipment for cash. The ending November cash balance is budgeted to be $39400. Cash receipts

During December, the capital budget indicates a $279300 purchase of equipment for cash. The ending November cash balance is budgeted to be $39400. Cash receipts are $841000, and cash disbursements are $609300 during December. The company wants to maintain a minimum cash balance of $20800. What is the minimum cash loan that must be planned to be borrowed from the Bank during December?

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