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Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $37,400. Cash receipts are expected to be $646,000 and cash

Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $37,400. Cash receipts are expected to be $646,000 and cash payments for purchases are expected to be $611,000. Other cash expenses expected are $27,500 selling and $34,000 general and administrative. The company desires a minimum cash balance at the end of each month of $35,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during April is:

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