Raymond Corporation is projecting a cash balance of $41,000 in its December 31, 2009, balance sheet. Raymond's schedule of expected collections from customers for the first quarter of 2010 shows total collections of $180,000. The schedule of expected payments for direct materials for the first quarter of 2010 shows total payments of $41,000. Other information gathered for the first quarter of 2010 is: sale of equipment $3,500; direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $12,000. Raymond wants to maintain a balance of at least $30,000 cash at the end of each quarter. What is the expected borrowings? information to determine for March 2017 the equivalent units of production for conversion costs. (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)