You are provided with the following information taken from Windsor, Inc.s March 31, 2017, balance sheet.

Cash		$ 11,600
Accounts receivable		20,180
Inventory		36,010
Property, plant, and equipment, net of depreciation		120,800
Accounts payable		22,560
Common stock		154,500
Retained earnings		11,680

Additional information concerning Windsor, Inc. is as follows.

1.		Gross profit is 25% of sales.
2.		Actual and budgeted sales data:
		March (actual)		$48,200
		April (budgeted)		70,700

3.		Sales are both cash and credit. Cash collections expected in April are:
		March		$19,280		(40% of $48,200)
		April		42,420		(60% of $70,700)
				$61,700

4.		Half of a months purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are:
		Purchases March	$22,560
		Purchases April	28,320
			$50,880

5.		Cash operating costs are anticipated to be $12,630 for the month of April.
6.		Equipment costing $2,560 will be purchased for cash in April.
7.		The company wishes to maintain a minimum cash balance of $12,190. An open line of credit is available at the bank. All borrowing is done at the beginning of the month, and all repayments are made at the end of the month. The interest rate is 13% per year, and interest expense is accrued at the end of the month and paid in the following month.

Prepare a cash budget for the month of April. Determine how much cash Windsor, Inc. must borrow, or can repay, in April.