Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $38,800. Cash receipts are expected to be $653,000 and cash payments for purchases are expected to be $614,500. Other cash expenses expected are $28,200 selling and $34,700 general and administrative. The company desires a minimum cash balance at the end of each month of $26,000. 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