You are provided with the following information taken from Oriole Inc.’s March 31, 2025, balance sheet.

Cash		$ 12,280
Accounts receivable		23,120
Inventory		37,100
Property, plant, and equipment, net of depreciation		123,400
Accounts payable		22,910
Common stock		152,900
Retained earnings		12,320

Additional information concerning Oriole Inc. is as follows.

1.		Gross profit is 24% of sales.
2.		Actual and budgeted sales data:
		March (actual)		$47,100
		April (budgeted)		72,700

3.		Sales are both cash and credit. Cash collections expected in April are:
		March		$18,840		(40% of $47,100)

4.		Half of a month’s purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are:
		Purchases March	$22,910
		Purchases April	28,910
			$51,820

5.		Cash operating costs are anticipated to be $12,110 for the month of April.
6.		Equipment costing $2,530 will be purchased for cash in April.
7.		The company wishes to maintain a minimum cash balance of $12,240. An open line of credit is available at the bank. All borrowing is done at the beginning of the month, and all repayments are made at the end of the month. The interest rate is 13% per year, and interest expense is accrued at the end of the month and paid in the following month. Prepare a cash budget for the month of April. Determine how much cash Oriole Inc. must borrow, or can repay, in April. (List items that increase cash balance first.)