I only need help on part 3!

The borrowing would be $27,400 and the interest is $-350. I just need the Repayments note plz and thank you!!

Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given below: Minden Company Balance Sheet April 30 Assets Cash $ 10 , 000 Accounts receivable 62, 750 Inventory 32, 750 Buildings and equipment, net of depreciation 219, 000 Total assets $ 324, 500 Liabilities and Stockholders' Equity Accounts payable $ 69, 000 Note payable 22 , 700 Common stock 180 , 000 Retained earnings 52 , 800 Total liabilities and stockholders' equity $ 324, 500 The company is in the process of preparing a budget for May and has assembled the following data: a. Sales are budgeted at $254,000 for May. Of these sales, $76,200 will be for cash; the remainder will be credit sales. One-half of a month's credit sales are collected in the month the sales are made, and the remainder is collected in the following month. All of the April 30 accounts receivable will be collected in May. b. Inventory purchases are expected to total $137,000 during May. These purchases will all be on account. Forty percent of all purchases are paid for in the month of purchase; the remainder are paid in the following month. All of the April 30 accounts payable to suppliers will be paid during May. c. The May 31 inventory balance is budgeted at $45,000. d. Selling and administrative expenses for May are budgeted at $98,400, excluding depreciation. These expenses will be paid in cash. Depreciation is budgeted at $5,550 for the month.C Minder X C Minder X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0& Chapter 8 Homework i Saved Check my work mode : This shows what is correct or incorrect for the Req 1 and 2 Req 3 Req 4 Reg 5 Prepare a cash budget for May. (Cash deficiency, repayments and in 8 Minden Company points Cash Budget For the Month of May Beginning cash balance $ 10,000 Add collections from customers 227,850 Total cash available 237,850 Less cash disbursements: Purchase of inventory 123,800 Selling and administrative expenses 98,400 Purchases of equipment 8,700 Total cash disbursements 230,900 Excess of cash available over disbursements 6,950 Financing: Borrowing-note 27,400 Repayments-note Interest (350) Total financing 27,050 Ending cash balance $ 34,000