The Cement Works has a beginning cash balance for the quarter of $1,000. Susie, the firm's president, requires a minimum cash balance of $1,000 be maintained and requires borrowing be used to maintain that balance. If funds have been borrowed, then she requires that those loans be repaid as soon as excess funds are available. Currently, the firm has a loan outstanding of $1,260. How much will the firm borrow or repay this quarter if the quarterly receipts are $3,957 and the quarterly disbursements are $3,761?