Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $37,100. Cash receipts are expected to be $648,000 and cash payments for purchases are expected to be $615,500. Other cash expenses expected are $27,700 selling and $34,200 general and administrative. The company desires a minimum cash balance at the end of each month of $37,000. 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: