Paul White has been working on Oriole Paints' cash budget for the coming year. Based on his projections for March, the beginning cash balance will be $42,700, cash collections will be $530,000, and cash disbursements will be $564,000. Oriole Paints desires to maintain a $38,000 minimum cash balance. The company has a 6% open line of credit with its bank, which provides short-term borrowings in $500 increments. All borrowings are made at the beginning of the month, and all repayments are made at the end of the month (in $500 increments). Accrued interest is paid at the time of repayment. (a) How much will Oriole Paints need to borrow from the bank at the beginning of March? Oriole Paints should borrow $