Gusto Enterprises had a tough month in May, but Junes sales and cash activity are looking strong. Gusto had to borrow $4,000 in May in order to maintain the companys required minimum balance of $5,000. The loan carries an annual interest rate of 6%, with monthly interest payments required. Loan withdrawals, in $1,000 increments, are assumed to be taken out on the first of the month. Loan payments, also in $1,000 increments, reduce the principal on the last day of the month. The June 1 cash balance is $5,780. With budgeted cash receipts of $105,600 and cash disbursements of $103,400 in June, how much of the prior months loan would Gusto be able to pay off in June, if any? What is Gustos projected ending cash balance in June?