Southern Company is preparing a cash budget for June. The company has $11,135 cash at the beginning of June and anticipates $37,246 in cash receipts and $34,579 in cash disbursements during June. Southern Company has an agreement with its bank to maintain a cash balance of at least $9,993. As of May 31, the company owes $50,885 to the bank. To maintain the $9,993 required balance, during June how much will the company have to borrow or repay.