Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $39,800. Cash receipts are expected to be $658,000 and cash payments for purchases are expected to be $617,000. Other cash expenses expected are $28,700 selling and $35,200 general and administrative. The company desires a minimum cash balance at the end of each month of $31,000. 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 $16,900. $80,800. $14,100. $111,800. $0