You are provided with the following information taken fromTamarisk, Inc.'s March 31, 2022, balance sheet.

Cash$11,780Accounts receivable20,690Inventory36,600Property, plant, and equipment, net of depreciation121,000Accounts payable23,210Common stock151,600Retained earnings12,370

Additional information concerningTamarisk, Inc.is as follows.

1.Gross profit is26% of sales.2.Actual and budgeted sales data:March (actual)$47,200April (budgeted)71,300

3.Sales are both cash and credit. Cash collections expected in April are:March$18,880(40% of $47,200)April42,780

(60% of $71,300)$61,660

4.Half of a month's purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are:Purchases March

$23,210Purchases April28,660

$51,870

5.Cash operating costs are anticipated to be $11,940for the month of April.6.Equipment costing $2,790will be purchased for cash in April.7.The company wishes to maintain a minimum cash balance of $12,610. 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 is14% per year, and interest expense is accrued at the end of the month and paid in the following month.

Determine how much cashTamarisk, Inc.must borrow, or can repay, in April.