Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $39,400. Cash receipts are expected to be $656,000 and cash payments for purchases are expected to be $616,000. Other cash expenses expected are $28,500 selling and $35,000 general and administrative. The company desires a minimum cash balance at the end of each month of $29,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during April is:

Multiple Choice

$0.

$13,100.

$15,900.

$108,400.

$79,400.