Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,000. Cash receipts are expected to be $637,000 and cash payments for purchases are expected to be $604,500. Other cash expenses expected are $26,600 selling and $33,100 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 cash balance using a short-term note. Webster's preliminary cash balance before loan activity for April is expected to be:

$8,800.

$17,200.

$26,000.

($27,200).

$68,500.