Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36.800. Cash receipts are expected to be $643,000 and cash payments for purchases are expected to be $609,500. Other cash expenses expected are $27.200 selling and $33,700 general and administrative. The company desires a minimum cash balance at the end of each month of $32,000. 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 O $70,300 O $102,300 O $9.400. 0 $0 O $22,600 If budgeted beginning inventory is $8,850, budgeted ending inventory is $10,060, and budgeted cost of goods sold is $10,810, budgeted purchases should be: Multiple Choice o $9,600 o $1,960 o $12020 o $750 o $1,210