Neighborhood Company has $20,000 cash at the beginning of June and anticipates $59,000 in cash receipts and $39,500 in cash disbursements. The company requires a minimum cash balance of $25,000. Any excess cash over the minimum desired balance is used to pay down debts. Neighborhood has an agreement with its bank to borrow as needed or to repay loans as funds become available. As of May 31, the company owes $20,000 to the bank. The balance of the loan on June 30 will be ?