Transcript Company is preparing a cash budget for February. The company expects to have $ 150,000 cash at the beginning of February and anticipates total February sales of $800,000, consisting of 25% cash sales and 75% bank credit card sales. The bank charges 3 percent for credit card transactions. The company sets its selling price at 160 percent of the cost of purchases and pay; for each month's purchases at the end of the month. Other cash disbursements are $20,000 per month plus 4% of total sales. In addition, a $600,000 note will be due in February for equipment purchased last August. Transcript Company has an agreement with its bank to maintain a cash balance of $ 1 00.000. Required: What amount, if any, must the company borrow during February