Transcript Company is preparing a cash budget for February. 

The company has $150,000 in cash at the beginning of February and expects to have total sales of $800,000, consisting of 25% cash sales and 75% credit card sales. The bank charges 3 percent for credit card deposits. The company sets its selling price at 160 percent of the cost of purchases and pays each month's cost of sales at the end of the month. Other cash outlays are $20,000 per month and 4 percent of total sales. In addition, a $600,000 promissory note for equipment purchased last August is due to mature in February. Transcript Company has an agreement with your bank to maintain a cash balance of $100,000. 

What amount, if any, should the company borrow during February?