Goldberg's Books is a merchandiser of rare books located in New York City. The company began operations on June 1 and expects sales in the first month of operations to total $5,000, all of which will be for cash. Purchases of inventory during the first month of operations are expected to be $500. Purchases are paid for in the month of purchase. Goldberg's expects monthly operating expenses of $2,000, $600 of which relates to depreciation expense. Goldberg's currently has no outstanding debt but expects to pay a cash dividend of $1,000 at the end of June. Goldberg's is required to maintain a minimum cash balance of $3,000 at the end of each month to avoid incurring a monthly bank service charge. By how much would Goldberg's fall short of its minimum required balance if everything goes as planned in June?

Goldberg's Books is a merchandiser of rare books located in New York City. The company began operations on June 1 and expects sales in the first month of operations to total $5,000, all of which will be for cash. Purchases of inventory during the first month of operations are expected to be $500. Purchases are paid for in the month of purchase. Goldberg's expects monthly operating expenses of $2,000,$600 of which relates to depreciation expense. Goldberg's currently has no outstanding debt but expects to pay a cash dividend of $1,000 at the end of June. Goldberg's is required to maintain a minimum cash balance of $3,000 at the end of each month to avoid incurring a monthly bank service charge. By how much would Goldberg's fall short of its minimum required balance if everything goes as planned in June