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Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $40,200. Cash receipts are expected to be $660,000 and cash

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Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $40,200. Cash receipts are expected to be $660,000 and cash payments for purchases are expected to be $618,000. Other cash expenses expected are $28,900 selling and $35.400 general and administrative. The company desires a minimum cash balance at the end of each month of $33,000. 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 Oo oo Multiple Choice $82.200. $115,200. $15,100. $17,900

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