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Webster Corporation is preparing its cash budget for April. The March 31 cash baiance is $36,600. Cosh receipts are expected to be $642,000 and cash payments for purchases are expected to be $609,000. Other cash expenses expected are $27,100 selling and $33,600 generat and administrative. The company desires a minimum cash balance at the end of each month of $31,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during April is: Muniple Choice 50 58,900 $22.100 5100,600 $69.600