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Webster Corporation is preparing its cash budget for April. The March 3 1 cash balance is $ 3 6 , 8 0 0 . Cash

Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,800. Cash receipts are expected to be $645,000 and cash payments for purchases are expected to be $612,500. Other cash expenses expected are $27,400 selling and $33,900 general and administrative. The company desires a minimum cash balance at the end of each month of $34,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. Webster's preliminary cash balance before loan activity for April is expected to be:

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