Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,100. Cash receipts are expected to be $638,000 and cash payments for purchases are expected to be $605,500. Other cash expenses expected are $26,700 selling and $33,200 general and administrative. The company desires a minimum cash balance at the end of each month of $27,000. If necessary, the company borrows enough cash to meet the minimum cash balance using a short-term note. Webster's preliminary cash balance before loan activity for April is expected to be:

$8,700.

$18,300.

$27,000.

($27,400)

. $68,600.