Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $37,400. Cash receipts are expected to be $651,000 and cash payments for purchases are expected to be $618,500. Other cash expenses expected are $28,000 selling and $34,500 general and administrative. The company desires a minimum cash balance at the end of each month of $40,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. Webster's preliminary cash balance before